If Broker Jones receives a court order for disbursement of escrow moneys, what action should he take?

In this scenario, when Broker Jones receives a court order for the disbursement of escrow moneys, the appropriate action is to disburse the funds according to the court's order. A court order is a legal directive issued by a judicial authority, and it must be followed precisely to adhere to the law.

By disbursing funds as instructed by the court, Broker Jones ensures compliance with legal obligations and protects himself from potential liability or legal issues that may arise from failing to follow the court's directive. The court order serves as the definitive source of authority regarding the distribution of the funds, overriding other considerations, such as preferences from parties involved in the transaction.

The other options would not be suitable in this situation. Seeking approval from all parties could lead to delays and complications, potentially disregarding the court's determination. Disbursing funds immediately, without regard to the specifics of the court order, may not address the instructions set forth by the court. Holding the funds without action runs contrary to the responsibility to comply with the court's instructions. Therefore, the correct approach is to act in accordance with the court's order.