If the parties have a dispute about earnest money, the broker must interplead the money in court to resolve the dispute.

Which of the following would not be considered a nominal earnest money deposit, subject to the pooled interest-bearing account requirement?

A. $5,000 in the form of personal check B. $7,500 in the form of cash C. $10,000 in the form of certified checks D. $11,000 in the form of a cashiers check

Because UDP does not require the sender and receiver to establish a connection before sending data, time is saved, increasing efficiency

Indicate whether the statement is true or false