Georgia License Law
An 'earnest money dispute' arises when the buyer and seller disagree about who is entitled to the earnest money after a failed transaction. The broker holding the funds should:
AGive the money to the seller automatically
BRetain the funds until receiving written mutual agreement or a court order✓ Correct
CGive the money to the buyer automatically
DTurn the funds over to GREC
Explanation
When there is an earnest money dispute, the holder must retain the funds and cannot disburse without both parties' written agreement or a court order, protecting all parties and preventing legal liability.
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