Escrow & Title
In Kentucky, earnest money held by a real estate broker is typically deposited into a(n):
AInterest-bearing savings account in the broker's name
BSeparate trust account maintained by the principal broker✓ Correct
CEscrow account held by the title company only
DThe seller's bank account
Explanation
In Kentucky, earnest money must be held in a separate trust account maintained by the principal broker. The money cannot be commingled with the broker's operating funds. The trust account must be maintained in compliance with KREC regulations.
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