Contracts
In Mississippi, an earnest money deposit in a real estate transaction should be deposited:
AIn the agent's personal bank account
BIn the broker's trust account within a reasonable time after acceptance of the offer✓ Correct
CDirectly with the seller
DWith the title company only
Explanation
MREC rules require earnest money to be deposited in the broker's trust account promptly after acceptance of the offer — typically within 3 business days.
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