Under TREC rules, when a real estate transaction closes, the earnest money held in the broker's trust account is typically disbursed through which process?
Correct Answer
D) The title company or closing agent handles the disbursement of all funds, including earnest money, through the closing statement
At closing, the earnest money held in the broker's trust account is typically disbursed through the title company or closing agent as part of the overall closing process. The earnest money is reflected on the closing statement and applied to the buyer's costs.
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