Escrow & Title
A Florida real estate broker who acts as the closing agent holds earnest money in their trust account. The funds remain in escrow until:
AThe listing expires
BClosing, mutual agreement of parties, court order, or FREC escrow disbursement order✓ Correct
CThe broker demands release
D30 days after contract signing
Explanation
Escrow funds may only be released at closing (to the appropriate party), upon written mutual agreement of the buyer and seller, pursuant to a court order, or by a FREC escrow disbursement order resolving a dispute.
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