When should the earnest money be given to the principal broker after an offer is accepted?

The correct response emphasizes the importance of promptly delivering earnest money to ensure that the transaction is taken seriously and that all parties adhere to the agreed terms. In Indiana real estate practices, it is critical for the earnest money to be delivered to the principal broker as soon as possible after an offer is accepted. This helps to solidify the agreement between buyer and seller and provides assurance that the buyer is committed to following through on the purchase.

Timely handling of earnest money is not just a best practice; it is essential for a smooth transaction process. By establishing expectations for rapid deposit, it also helps in minimizing potential disputes regarding the earnest money itself or the commitment of the buyer. The guideline of "no later than Friday afternoon" underscores the urgency without being overly rigid.

This approach can help in securing the property for the buyer and signals to the seller that the buyer is serious. In contrast, the other options either delay the handling of earnest money or lack clarity on specific timelines that reinforce the urgency associated with real estate transactions.