Escrow & Title
In a NH real estate transaction, who typically holds the earnest money deposit in escrow until closing?
AThe buyer's attorney
BThe seller directly
CThe listing broker in a trust account✓ Correct
DThe buyer's mortgage lender
Explanation
In most NH transactions, the listing broker holds the earnest money deposit in a separate, FDIC-insured trust account until closing or until the deposit is otherwise disbursed according to the contract. Brokers have strict NHREC obligations regarding trust account management.
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