Contracts
In Missouri, an earnest money dispute where both buyer and seller claim entitlement is resolved by:
AThe listing agent deciding who gets it
BThe broker holding the funds seeking written mutual instructions, filing an interpleader action if unresolved, or following contract dispute resolution provisions✓ Correct
CMREC automatically transferring funds to the buyer
DFlipping a coin
Explanation
When both parties claim earnest money in Missouri, the holding broker should seek written mutual instructions. If the dispute cannot be resolved, the broker may file an interpleader action with the court to have the court determine rightful ownership.
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