Contracts
In Hawaii, earnest money deposited with a listing broker becomes:
AA. Property of the listing broker until closing
BB. Trust funds that must be deposited in a separate trust account✓ Correct
CC. The seller's property immediately upon acceptance
DD. Non-refundable regardless of contract conditions
Explanation
Earnest money is trust money that must be deposited in a separate trust account and cannot be commingled with the broker's personal or business funds.
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