EstatePass
ContractsEASY

Earnest money in West Virginia must be:

Correct Answer

B) Deposited in trust account

Earnest money goes into trust account.

Answer Options
A
Held by seller
B
Deposited in trust account
C
Given to buyer
D
No requirements
Video Explanation2 min
Audio Lesson2 min
Study Infographics
Study card infographic for: Earnest money in West Virginia must be:
Download

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Contracts Question

Sign up free to unlock full analysis

Background Knowledge for Contracts

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Contracts

Sign up free to unlock full analysis

Related Topics & Key Terms

Related Topics:

trust-account-requirementsreal-estate-licensing-regulationsearnest-money-refund-conditions

Key Terms:

earnest moneytrust accountescrowWest Virginia real estate lawcommingling
Was this explanation helpful?

More Contracts Questions

People Also Study

Contracts Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing