When should a salesperson turn over an earnest money check to her broker following receipt of the check?

The appropriate time frame for a salesperson to turn over an earnest money check to her broker upon receipt is typically specified by real estate regulations to ensure proper handling and timely processing of funds. In Georgia, the law stipulates that earnest money should be delivered to the broker by the next business day following the receipt of that check.

If the check is received on a Friday, for instance, the salesperson would need to hold onto it through the weekend and then turn it over to the broker by the next business day, which would typically be Monday. However, the specifics provided in the multiple-choice options seem to reflect a general timeframe that could be interpreted as Tuesday in the context presented.

Therefore, when considering operational practice and the required promptness in dealing with earnest money, turning it over by Tuesday ensures that the salesperson is adequately complying with standards and helps maintain trust between the buyer, seller, and broker. It's essential for real estate professionals to be familiar with their local laws to avoid potential legal issues or misunderstandings regarding earnest money practices.