Agency
When a Kansas listing agent receives an earnest money deposit, they must:
ADeposit it into their personal account for safekeeping
BAccount for and deposit the funds in accordance with the brokerage's trust account procedures✓ Correct
CReturn it to the buyer until the offer is formally accepted
DGive it directly to the seller immediately
Explanation
Earnest money is a trust fund that must be handled according to the Kansas License Act — deposited promptly into the broker's trust account, not commingled with personal or operating funds.
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