Final answer:
In a situation where a broker acting as an escrow agent is given a check with insufficient funds, the broker should notify the issuer and request proper funding while informing the other party involved.
Step-by-step explanation:
When dealing with escrow in a real estate transaction, a broker who is acting as an escrow agent and receives a check with insufficient funds should take immediate action to address the situation. It is essential that the broker upholds their fiduciary duties and maintains the integrity of the escrow process. The broker should promptly notify the party who issued the check of the insufficient funds and request that they make the necessary arrangements to provide the escrow with sufficient funds. Additionally, the broker should inform the other party involved in the transaction about the issue. This communication should be done professionally and diligently to ensure that all parties are aware of the potential delay or complication in the transaction and can work towards a resolution.