A Buyer Makes an Initial Deposit of $10,000 to Buyer

question 46

True/False

A buyer makes an initial deposit of $10,000 to buyer a $400,000 house. The buyer withdraws the offer before the seller accepts it. The broker should dispose of the buyer's earnest money by splitting it with the seller according to the terms of their commission agreement.

---

Definitions:

Social Loafing Group

A phenomenon in which individuals in a group reduce their effort because they believe their contribution to the group is not important.

Linking Pin Team

A concept in team dynamics where individuals serve as connectors between different groups or levels within an organization, facilitating communication and coordination.

Quality Circle

A group of workers who voluntarily meet to discuss and propose solutions to workplace problems, focusing on the quality of products or processes.

Task Force

A temporary group of people formed to achieve a specific objective, often to solve a particular problem or to complete a critical task.