Tennessee Real Estate Exam Practice Question
A licensee may present a personal check for earnest money before the seller accepts the offer
Correct Answer: C
Rationale: Presenting a personal check for earnest money is permissible when it is disclosed in the offer, ensuring transparency between the parties involved. This practice helps manage expectations and protects both the buyer and seller.
Option A is incorrect as it imposes an absolute restriction that does not account for disclosure practices. Option B is misleading; while verifying funds is prudent, it does not address the necessity of disclosure in the offer. Option D is also incorrect; post-dating a check does not inherently validate its acceptance without prior disclosure, which is essential for legal and ethical practices in real estate transactions.
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