Escrow & Title
In a Maryland residential transaction, a buyer's earnest money deposit must be held in:
AThe listing broker's operating account
BA separate federally insured escrow or trust account maintained by the broker✓ Correct
CThe buyer's personal bank account until closing
DThe title company's investment account
Explanation
Maryland requires all earnest money deposits to be held in a separate, federally insured trust (escrow) account maintained by the broker.
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