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Earnest money deposits in New Jersey must be held:
2:20
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Audio Lesson
Duration: 2:20
Question & Answer
Review the question and all answer choices
A
By the seller
B
In the broker's trust account or attorney escrow
Correct Answer
C
By the buyer
D
No requirements exist
Why is this correct?
Earnest money must be held in the broker's trust account or an attorney's escrow account until closing or contract termination.
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