Contracts
Nebraska requires that earnest money be handled in accordance with the Statute of Frauds and the License Act by:
ABeing paid directly to the seller
BBeing deposited in the broker's trust account promptly as specified✓ Correct
CBeing held by the buyer until closing
DBeing given to the title company immediately upon contract signing
Explanation
Nebraska's License Act and brokerage rules require earnest money to be deposited into the broker's trust account promptly — generally the next banking day following receipt — and held until closing or release per contract terms.
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