Final answer:
A broker acting without a listing agreement must follow the instructions of the seller with respect to the buyer's deposit.
Step-by-step explanation:
A broker acting without a listing agreement must follow the instructions of the seller with respect to the buyer's deposit.
When a broker does not have a listing agreement, they are not representing the seller and therefore cannot make decisions on their behalf. Instead, they must defer to the instructions of the seller.
For example, if the seller wants the deposit to be held in escrow until the closing of the transaction, the broker must follow those instructions and ensure the deposit is held securely.