Contracts
Under Connecticut law, earnest money deposited under a purchase contract is typically held:
ABy the seller personally until closing
BIn the listing broker's escrow/trust account✓ Correct
CIn the buyer's personal bank account
DBy the town clerk's office
Explanation
Connecticut law requires that earnest money deposits be held in the listing broker's separate escrow or trust account, segregated from the broker's personal and business funds.
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