Contracts
Under the Colorado Contract to Buy and Sell, 'earnest money' is typically held by:
AThe seller's attorney
BThe buyer's employing broker or a title company as specified in the contract✓ Correct
CThe local board of REALTORS
DThe county court clerk
Explanation
The Colorado Contract to Buy and Sell specifies who will hold the earnest money, which is typically the buyer's employing broker's trust account or a title company. The contract form has a designated field to identify the earnest money holder.
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