Real Estate ContractsEarnest_moneyEASY
The FAR/BAR residential contract requires earnest money held by:
Correct Answer
B) An escrow agent
Earnest money must be held by a licensed escrow agent, broker, or attorney.
Answer Options
A
The sellerB
An escrow agentC
The buyer's attorneyD
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Related Topics & Key Terms
Related Topics:
contract-escrow-requirementsflorida-real-estate-contractsearnest-money-consideration
Key Terms:
escrow agentFAR/BAR contractearnest moneyFlorida Statute 475.25escrow account
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