miriam is a real estate salesperson. she has just been handed a $100,000 earnest money deposit certified check from buyers who are interested in a new home. what does she do with the money?

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10-11-2022
Business

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miriam is a real estate salesperson. she has just been handed a $100,000 earnest money deposit certified check from buyers who are interested in a new home. what does she do with the money?

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KhiradAfaq KhiradAfaq · Answer 1 · 2022-11-15T20:00:14+01:00

The accurate solution is C. Miriam have to give up the take a look at to simplest her very own broking. At that point, the broking may direct her to place the finances into the palms of the broking's principal; area the finances right into a impartial escrow depository; or deposit the finances into the broking's believe fund financial institution account.

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A fund is a pool of cash this is allotted for a selected reason. A fund may be installed for lots specific purposes: a metropolis authorities placing apart cash to construct a brand new civic center, a university placing apart cash to award a scholarship, or an coverage business enterprise that units apart cash to pay its customers’ claims. The reason of a fund is to set apart a sure amount of cash for a selected need. An emergency fund is utilized by people and households to apply in instances of emergency. Investment finances are utilized by buyers to pool capital and generate a return.

College finances are generally installation with the aid of using dad and mom to make a contribution cash to a kid's destiny university education.