Escrow & Title
In Maine, earnest money deposited with a broker must be held in:
AThe broker's personal checking account
BA federally insured escrow or trust account separate from the broker's business account✓ Correct
CA cash register at the broker's office
DA certificate of deposit in the broker's name
Explanation
Maine law requires that all earnest money and client funds be held in a separate, federally insured escrow or trust account and never commingled with the broker's personal or business funds.
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