Contracts
A Missouri buyer makes an offer on a property and includes $10,000 earnest money. The offer is rejected. The earnest money:
AIs forfeited to the seller
BIs returned to the buyer✓ Correct
CIs held by MREC
DIs split between buyer and seller
Explanation
If an offer is rejected and no contract is formed, the earnest money is returned to the buyer. Earnest money is only at risk for the buyer if a contract is formed and the buyer breaches it.
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