ContractsEASY
Earnest money in Minnesota must be:
Correct Answer
B) Deposited in trust account per contract terms
Earnest money must be deposited in a trust account according to the contract terms.
Answer Options
A
Held by sellerB
Deposited in trust account per contract termsC
Given to buyerD
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Related Topics & Key Terms
Related Topics:
escrow-account-proceduresreal-estate-contract-requirementsfunds-handling-ethics
Key Terms:
earnest moneytrust accountMinnesota § 82.75escrowcommingling
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