Which of the following payment forms are considered good funds?

Good funds refer to funds that are guaranteed for payment and are readily available to the recipient at the time of the transaction. In real estate transactions, ensuring that the funds are secure and immediate is crucial for avoiding potential delays and complications.

The correct answer highlights "teller check, wire transfer, or cashier's check" as forms of good funds. A teller’s check, issued by a bank, certifies that funds are available, as the bank guarantees the payment. This provides assurance to the recipient that the funds will not bounce, making it a reliable option.

Wire transfers are another form of good funds due to their instantaneous nature. Once initiated, the funds are transferred directly from one bank account to another, reflecting immediate availability of assets on the recipient’s end.

Cashier's checks, similar to teller checks, are also considered good funds because they are drawn against the bank's funds rather than an individual’s checking account. This makes them a secure form of payment for larger transactions like real estate sales.

The other options might include personal checks, which do not guarantee availability of funds until they are cleared, making them less reliable in urgent transactions.