The buyers made an offer on the exact terms of the listing contract on February 1, with the condition that the offer be accepted within 72 hours. The broker was unable to contact the sellers until February 6. When the sellers accepted the offer, the broker promptly notified the buyers. The buyers told the broker that they had changed their minds and did not want to purchase the property. The buyers demanded the return of their deposit. What should the broker do?
1) Return the deposit to the buyers
2) Refuse to return the deposit to the buyers
3) Consult a lawyer for legal advice
4) Negotiate with the buyers for a partial refund of the deposit