Agency
In New Mexico, the most common reason earnest money disputes arise between buyer and seller is:
AThe broker depositing funds late
BDisagreement over whether the contract contingencies were properly satisfied before the buyer sought to void the contract✓ Correct
CThe broker charging excessive fees
DThe seller raising the price after acceptance
Explanation
Most earnest money disputes arise when a buyer tries to void a contract and recover their deposit, while the seller argues the contingency conditions were satisfied or the buyer failed to properly invoke the contingency.
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