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Earnest money in Oregon must be:

Correct Answer

B) Deposited in trust account within specified time

Earnest money must be deposited in a trust account within the time specified in the agreement.

Answer Options
A
Held by seller
B
Deposited in trust account within specified time
C
Given to buyer
D
No requirements
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Related Topics & Key Terms

Related Topics:

escrow-account-proceduresreal-estate-trust-account-requirementscontract-formation-essentials

Key Terms:

earnest moneytrust accountOregon real estate lawORS 696commingling
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