Escrow & Title
In Iowa, who typically holds earnest money in escrow during a pending real estate transaction?
AThe Iowa Real Estate Commission
BThe buyer's attorney
CThe listing broker or a title company✓ Correct
DThe seller's bank
Explanation
In Iowa, earnest money is typically held in escrow by the listing broker in a trust account or by a title/escrow company until closing or contract termination.
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