Under NH real estate rules, earnest money received by a broker must be:
Correct Answer
B) Deposited into the broker's escrow (trust) account as specified in the purchase and sale contract
NH Real Estate Commission rules require brokers to deposit earnest money into a separate escrow (trust) account, not commingled with operating funds. The contract specifies the timeline and conditions. Depositing into an operating account constitutes commingling, a license law violation. Funds are not forwarded to the seller or held by the seller's attorney unless the contract specifically provides otherwise.
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