Contracts
An earnest money dispute between a Missouri buyer and seller is typically resolved by:
AMREC arbitration
BThe broker holding funds in escrow until the parties agree or a court orders disbursement✓ Correct
CThe broker giving money to whoever asks first
DAutomatic return to the buyer
Explanation
When a dispute arises over earnest money, the Missouri broker holding the funds should keep them in escrow until the parties reach a written agreement or a court orders disbursement.
Related Missouri Contracts Questions
- A Missouri seller who wants to retain the right to sell the property on their own without paying a commission should sign a(n):
- Under Missouri's Statute of Frauds, a contract for the sale of real estate must be:
- Which of the following clauses in a Missouri commercial lease requires the tenant to pay more rent if the consumer price index rises?
- A Missouri purchase agreement includes a 'walk-through' provision. This final walk-through before closing is intended to:
- Which of the following is NOT required for a valid Missouri real estate deed?
- A Missouri commercial lease that runs with the land means:
- In Missouri, an offer to purchase a property for $250,000 is valid only if it contains all of the following EXCEPT:
- What does 'time is of the essence' mean in a Missouri real estate contract?
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →