Contracts
Earnest money in an Indiana real estate transaction is held in:
AThe seller's personal bank account
BA non-interest bearing account in the buyer's name
CA separate trust or escrow account maintained by the broker or title company✓ Correct
DThe managing broker's operating account
Explanation
Indiana law requires earnest money to be placed in a separate trust or escrow account, segregated from the broker's operating funds, to protect both buyer and seller.
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