Maine License Law
A Maine broker who holds money in escrow for parties who cannot agree on its disposition must:
AReturn the money to the buyer automatically
BInterplead the funds (pay into court) or await a written agreement or court order✓ Correct
CReturn the money to the seller as the property owner
DRetain the funds indefinitely until instructed
Explanation
When parties to a dispute cannot agree on earnest money disposition, the broker holding the funds should either obtain a signed release from both parties, file an interpleader action (pay the funds into court), or seek a court order.
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