BOVAEP REN NCC Practice Questions - BOVAEP Real Estate Negotiator Certification Course (NCC) Assessment Exam

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A client pays a cash booking deposit to a Real Estate Negotiator (REN) to secure a property. According to MEAS Standard 9, how must the REN handle this money?

Deposit in the negotiator's personal savings until SPA signing in Malaysia Hand cash to the owner within 48 hours outside the agency Pass to the firm for client-account deposit by next working day Deduct commission from the cash and refund the balance

Correct Answer:

Pass to the firm for client-account deposit by next working day

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