Contracts
An earnest money deposit on a Michigan purchase agreement is held in trust and may be disbursed when:
AThe listing agent requests disbursement
BBoth buyer and seller provide written authorization or a court orders disbursement✓ Correct
CThe transaction has been pending for 30 days
DThe seller accepts the offer
Explanation
Earnest money held in a Michigan broker's trust account can only be properly disbursed with written authorization from both parties or by court order in cases of dispute.
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