Practice Of Real EstateTrust AccountsEASY
For disputed earnest money and the clerk-of-court procedure, what North Carolina concept is described below? Read the description and choose the matching concept. Description: The North Carolina statutory route allowing a broker to deposit certain disputed earnest money with the local clerk after notice and waiting period
Correct Answer
D) Clerk-of-court deposit under G.S. 93A-12
Clerk-of-court deposit under G.S. 93A-12
Answer Options
A
Automatic escheat transferB
Mandatory tax foreclosureC
HUD conciliation filingD
Clerk-of-court deposit under G.S. 93A-12Why This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
clerk_of_courtcore_rules_and_definitionsdefinitiondifficulty_2disputed_earnest_money_and_clerk_of_courtnc_statenc_trust_account_escrow_requirementsnorth_carolina
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