Escrow & Title
In New Jersey, who typically holds the earnest money deposit during a real estate transaction?
AThe buyer's attorney
BThe listing broker or the attorney for one of the parties✓ Correct
CThe county recorder
DThe title company
Explanation
In NJ, the earnest money deposit is typically held in escrow by the listing broker's trust account or by one of the attorneys, as agreed by the parties.
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