When a sales person receives a deposit check as part of an offer on a house, what is her first action?

When a salesperson receives a deposit check as part of an offer on a house, the appropriate first action is to give the check to her broker immediately. This procedure is important because it ensures that the funds are handled according to established protocols within real estate transactions.

Transferring the deposit check to the broker is crucial for several reasons. Firstly, the broker is responsible for managing client funds and ensuring they are held in a trust account, thus providing legal protection to both the buyer and the seller. Holding the check personally or in a personal account could lead to potential legal and ethical violations, as it could be misconstrued as personal income.

The immediate involvement of the broker promotes proper documentation and processing, and it aligns with the regulations governing real estate transactions in California. Additionally, it allows the broker to ensure that all relevant steps, such as the acceptance of the offer, are adhered to before proceeding with any financial transactions related to the property. Proper handling of the deposit demonstrates professionalism and an understanding of the responsibilities involved in real estate practice.