Contracts
In Georgia, the earnest money in a real estate transaction is typically held by:
AA. The buyer's lender
BB. The listing or selling broker in their trust account✓ Correct
CC. The county court clerk
DD. The title company automatically
Explanation
Earnest money is typically held in the broker's trust account (escrow) until closing. The GAR contract specifies who holds the earnest money, most often the listing or selling broker.
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