Contracts
In Montana, earnest money deposited with a real estate transaction must be:
ADeposited into the broker's operating account
BHeld in a separate trust or escrow account by the broker✓ Correct
CPaid directly to the seller immediately upon acceptance
DHeld personally by the listing agent
Explanation
Montana law requires that earnest money and other client funds be held in a separate trust or escrow account by the broker, kept separate from the broker's personal and operating funds.
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