If an offer to buy is rejected, how soon must a broker holding the buyer's check return the check?

When an offer to buy is rejected in a real estate transaction, the broker has a responsibility to promptly return the buyer's check. An immediate return is required to ensure that the buyer's funds are not held longer than necessary, showing respect for the buyer’s financial interests and providing clarity in the transaction process. This practice aligns with ethical standards in real estate, emphasizing prompt communication and action to maintain trust between the broker and the buyer.

Returns that are delayed can lead to misunderstandings or disputes, which is why the emphasis is on an immediate return rather than a timeframe that allows for any delay. When a broker adheres to this guideline, it reflects professionalism and accountability in the handling of clients' funds, ensuring that buyers can pursue other opportunities without unnecessary wait times.