Escrow & Title
In Idaho, who typically holds earnest money during a real estate transaction?
AThe seller
BThe buyer's lender
CThe broker or title/escrow company as a neutral third party✓ Correct
DIREC
Explanation
In Idaho, earnest money is typically held by the listing broker or a neutral title/escrow company in a trust account. The broker is legally required to deposit the funds promptly and maintain them in compliance with IREC trust account rules.
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