Escrow & Title
A Kansas buyer's earnest money is held in escrow. If the contract falls through due to the seller's default, the earnest money should:
ABe forfeited to the broker as compensation
BBe returned to the buyer✓ Correct
CBe retained by the escrow agent until a court order is obtained
DBe split equally between buyer and seller
Explanation
If the transaction fails because of the seller's default, the buyer is generally entitled to the return of their earnest money deposit.
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