When should a broker deposit the earnest money after an offer is accepted?

For the question regarding when a broker should deposit earnest money after an offer is accepted, the correct answer focuses on the timing requirement for depositing earnest money as outlined by real estate regulations and practice.

The earnest money serves as a demonstration of the buyer's serious intent to purchase a property. It is typically required to be deposited promptly, which is usually interpreted as within a specific timeframe after the acceptance of an offer. This practice helps ensure that the transaction proceeds smoothly and that the seller is confident in the buyer's commitment.

In many jurisdictions, including Indiana, real estate rules stipulate that the earnest money should be deposited within a defined period after the acceptance of an offer, often within 48 hours. This timeframe allows for a practical and timely handling of funds, providing assurance to both parties in the transaction.

The other options provided do not align with standard practices. Depositing immediately after writing the offer might lead to complications if the offer is not accepted right away. Waiting until the closing date would indicate a lapse in handling the earnest money that could jeopardize the transaction. Lastly, providing a specific date, such as March 11, 2019, lacks relevance and does not reflect the ongoing timeline typical in real estate transactions.

Therefore, understanding the necessity of