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3. Real estate sales associates who receive checks
payable to them as deposits on the purchase of
real property must
a. endorse the checks, deposit them in their
employers' accounts, and maintain good
records.
b. endorse the checks and immediately turn
them over to their employers.
c. deposit the checks immediately in their own
accounts and notify their employers of the
transactions.
d. deposit the checks immediately and give
their employers the equivalent amounts in
the form of checks or cash.



Answer :

Final answer:

Real estate sales associates must endorse and deposit checks received as deposits on property purchases into their employers' accounts.


Explanation:

Real estate sales associates who receive checks as deposits on the purchase of real property must endorse the checks, deposit them in their employers' accounts, and maintain good records. This process ensures transparency and accountability in financial transactions within the real estate industry.


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