ContractsEASY
Earnest money in Tennessee must be:
Correct Answer
B) Deposited according to contract terms, typically in escrow
Earnest money must be deposited according to contract terms, typically held in an escrow account.
Answer Options
A
Held by sellerB
Deposited according to contract terms, typically in escrowC
Given directly to buyerD
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Related Topics & Key Terms
Related Topics:
contract-formation-real-estateescrow-accounts-real-estatebuyer-good-faith-deposit
Key Terms:
earnest moneyescrow accounttrust accountTREC rulesTennessee contract deposit
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