When is it proper for the offeree in a transaction to personally hold the offeror's deposit?
a. If the offeree demands the deposit, the broker must give it to her.
b. Any time after the offeree has signed an unqualified acceptance of the offer
c. Only if the offeror and offeree have expressly agreed to this in writing.
d. Once the check has cleared, the offeree can hold the cash deposit
Answer: c. Only if the offeror and offeree have expressly agreed to this in writing.
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