Question

Ralph is a salesperson with Sunlight Real Estate Brokers, and when he shows his client Ben a property listed by Xavier Realty, Ben decides to make an offer on the property. Ralph notices that Ben has written the earnest money deposit check to be made payable to the wrong name. Which of the following statements accurately describes the error and ideal corrective action?

a) The error is inconsequential, and no action is needed.
b) Ralph should inform the listing agent about the mistake.
c) The check should be corrected with the correct name by Ben.
d) Ralph should advise Ben to rewrite the check with "Sunlight Real Estate Brokers."

Answer 1

The error is inconsequential, and no action is needed if Ben has written the earnest money deposit check to the wrong name.

Step-by-step explanation:

The error is inconsequential, and no action is needed.

If Ben has written the earnest money deposit check to the wrong name, it is not a significant error that would require corrective action. The recipient of the check, whether it is Sunlight Real Estate Brokers or Xavier Realty, will still be able to deposit and process the check without any issues. Thus, option a) The error is inconsequential, and no action is needed is the most accurate statement.