Contracts
What is an earnest money dispute resolution in Ohio?
AThe broker automatically keeps the earnest money
BBoth parties must agree to release; if disputed, the broker holds until court order, mutual release, or interpleader action✓ Correct
CThe buyer always gets earnest money back
DODREPL determines disputed earnest money
Explanation
When earnest money is disputed in Ohio, the broker holds it in escrow until: both parties execute a written release, a court orders its release, or the broker initiates an interpleader action (files with the court to let the court decide). Brokers should not unilaterally release disputed funds.
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