ContractsGeneralEASY
Earnest money in Alabama must be:
Correct Answer
B) Deposited in escrow or trust account
Earnest money must be deposited in an escrow or trust account.
Answer Options
A
Held by sellerB
Deposited in escrow or trust accountC
Given to buyerD
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Related Topics & Key Terms
Related Topics:
escrow-account-proceduresreal-estate-contract-formationalabama-real-estate-regulations
Key Terms:
earnest moneyescrow accounttrust accountAlabama Real Estate License Lawcommingling
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