A buyer representative in Huntersville is updating the policy manual on disputed earnest money and the clerk-of-court procedure. Which statement best applies under current North Carolina law?
Correct Answer
C) After the broker deposits disputed funds with the clerk, either claimant may file a special proceeding to determine rightful ownership.
After the broker deposits disputed funds with the clerk, either claimant may file a special proceeding to determine rightful ownership.
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