Question

Jason owns a property in Bel Air and enters into an exclusive right-to-sell contract with Beverly, a licensed broker. As part of the agreement, Beverly agrees to advertise the home in a special properties catalog at a cost of $250, which Jason agrees to pay. How must Beverly handle Jason's check?

Answer 1

Answer:

Place the check provided by the Jason in its trust account and draw against only to pay actual advertising expenses

Explanation:

In the statement given in the question it is stated that the Beverly and Jason agrees to a agreement in which Jason will pay Beverly $250 for advertising.

Now,

The Beverly will Place the check provided by the Jason in its trust account and draw against only to pay actual advertising expenses incurred by the Beverly for the advertisement of property owned by Jason.