Which of the following is an acceptable type of fund when disbursing for real estate transactions?

In real estate transactions, the requirement for using certified funds is crucial due to the need for certainty in the payment process. Certified funds, such as cashier's checks or bank drafts, are guaranteed by the issuing bank, meaning that the bank ensures the funds are available and set aside for the transaction. This practice minimizes the risk of bounced checks or insufficient funds, providing security for both the buyer and the seller in the transaction.

Using certified funds helps avoid potential complications that could arise from personal checks or cash payments, which may not be immediately verifiable or could be subject to fraud. Additionally, funds from online payment systems may not offer the same level of security or immediacy required in real estate closings, making certified funds the standard choice for facilitating transactions smoothly and reliably.