Contracts
A Colorado buyer submits an offer with an earnest money deposit of $10,000. Where is this money typically held?
AIn the listing broker's personal account
BIn the employing broker's trust account or an escrow account at the title company✓ Correct
CIn the buyer's personal savings account until closing
DIn the seller's bank account
Explanation
Earnest money in Colorado must be deposited in the employing broker's trust account or an escrow account at the title company. It is never commingled with the broker's personal or operating funds.
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