Contracts
A Maryland buyer submits an offer with an earnest money deposit check. Before the seller accepts, the buyer calls to withdraw the offer. The earnest money check:
AMust be cashed immediately
BShould be returned to the buyer — the offer was withdrawn before acceptance✓ Correct
CIs forfeited because it was submitted with the offer
DMust be deposited per MREC rules regardless
Explanation
An offer may be withdrawn at any time before acceptance. Since no contract was formed, the earnest money check should be returned to the buyer.
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