A Davis County real estate broker has agreed to pay a $100 fine to settle charges of mishandling earnest money, according to a stipulation with the state Division of Real Estate.

Dennis R. Higley, Syracuse, failed to deposit earnest money within three days of receiving it, the stipulation said. He also failed to issue a notice of dispute within 15 days or settle a dispute over earnest money within 60 days when a sale fell through.