ContractsGeneralEASY
Earnest money in Iowa must be:
Correct Answer
B) Deposited in trust account promptly
Earnest money must be deposited in a trust account promptly.
Answer Options
A
Held by sellerB
Deposited in trust account promptlyC
Given to buyerD
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Related Topics & Key Terms
Related Topics:
trust-account-requirementsearnest-money-contractsreal-estate-licensing-regulationsbuyer-and-seller-rights
Key Terms:
earnest moneytrust accountIowa Code 543B.46escrowcommingling
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