ContractsContract_essentialsEASY
Oregon earnest money:
Correct Answer
B) Must be deposited in the principal broker's trust account or an escrow company as specified
Oregon requires earnest money in the principal broker's trust account or licensed escrow company.
Answer Options
A
Goes to sellerB
Must be deposited in the principal broker's trust account or an escrow company as specifiedC
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Related Topics & Key Terms
Related Topics:
ORS 696.241 trust accountscomminglingconversionescrowprincipal broker duties
Key Terms:
earnest moneytrust accountORS 696.241principal brokerescrowcommingling
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