Real Estate Agent Question ??? Can anyone help? [Archive] - Real Estate Insider Forum
 
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ska00z
08-23-2007, 01:27 PM
I am stuck on this question for my assignment, can anyone help me out ???Here it is:-You are holding the deposit for an exchanged property in your agency trust account. It is about to settle and your bookkeeper informs you that there has been an overrun in promotions against what was originally agreed to in the agency agreement.On further examination you see that the reason why there has been a cost overrun was due to a placement of an advertisement in an extra publication to what was originally agreed. This was done at the request of the vendor. Explain what you would do.

perryinjax
08-26-2007, 11:50 PM
Send the vendor a bill for the ad Before you settle the escrow.