Using a note as a deposit from a buyer in making an offer:
a. the note must be cashed before opening escrow.
b. a note cannot be used as a deposit for an offer.
c. the note would be the same as cash.
d. the agent should inform the seller that the deposit is in the form of a note before the seller accepts the offer.
Answer: d. the agent should inform the seller that the deposit is in the form of a note before the seller accepts the offer.
Business
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What will be an ideal response?
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