What should be done with a rejected offer's related funds?

When an offer is rejected, any related funds, such as earnest money, must be returned to the buyer promptly. In Minnesota real estate transactions, returning these funds within one day ensures that the buyer is treated fairly and maintains trust in the transaction process. It's crucial to adhere to this standard to avoid potential disputes or claims of mismanagement of funds. Promptly returning the money shows professionalism and ensures compliance with regulations governing real estate transactions.

The other options do not align with best practices in handling rejected offers. Disposing of the funds is not appropriate because they must be returned to the buyer. Depositing them into the broker's account could be seen as mishandling funds that aren't earned or owed to the broker. Holding the funds until further notice could lead to delays and misunderstandings, further complicating the relationship between the buyer and seller.