Manitoba Real Estate Association Module 3 Practice Test 2026 – Your All-in-One Guide to Mastering Real Estate Success!

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all
Session length

1 / 20

When an offer is rejected, what happens to the deposit cheque?

Returned to the buyer

When there is no binding contract because the offer is rejected, the buyer’s deposit is returned. The deposit is held in trust as part of the offer, and if the seller does not accept, there’s no agreement to fulfill, so the funds must be released back to the buyer. The seller doesn’t keep it simply because the offer was declined, and it isn’t automatically deposited or destroyed.

Kept by the seller

Deposited anyway

Destroyed

Next Question
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy