License Law & RulesPregunta 37 de 120
An 'earnest money deposit' delivered by a buyer with an offer is typically held by the:
a.Broker or an authorized escrow holder such as a title company
b.Buyer's personal bank in the buyer's own account
c.County property appraiser
d.Listing sign company
Explicación
Earnest money deposits are typically held in escrow by a neutral party such as the broker, a title company, or an attorney. The funds show the buyer's good faith and are credited or handled per the contract at closing. Florida sets time limits for depositing these funds into escrow.
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