Final answer:
The statement is true; a brokerage must wait for an agreement to be reached or for a court order before dispersing funds. They hold funds in escrow and have a fiduciary duty to handle them according to the agreed terms or legal mandates. Option A
Step-by-step explanation:
The statement that a brokerage is not permitted to disburse funds until agreement has been reached or a court order is issued is generally True. In the context of real estate transactions, a brokerage acts as an intermediary between buyers and sellers. The brokerage holds earnest money or other funds in an escrow account as part of the transaction process.
They have a fiduciary duty to ensure that these funds are handled according to the terms of the agreement between the parties or as mandated by a court order. If no agreement is reached, the funds may need to be held until the court decides on their disbursement.
This principle is in place to protect the interests of all parties involved and to ensure that financial transactions are conducted fairly and lawfully. Option A