Contracts
In Oklahoma, a buyer's earnest money check is made payable to the listing brokerage. If the offer is not accepted:
AThe listing broker may keep the earnest money as a fee for services
BThe earnest money must be promptly returned to the buyer, as no contract was formed and the listing broker has no right to the funds✓ Correct
CThe buyer forfeits the funds to the seller
DThe earnest money is deposited and held indefinitely
Explanation
If an offer is rejected and no contract is formed, the earnest money must be returned to the buyer immediately. The listing broker has no claim to unearned funds.
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