Contracts
In Oklahoma, earnest money deposited on a purchase contract is typically held by:
AThe seller until closing
BThe listing broker in a trust account✓ Correct
CThe buyer's lender in escrow
DThe county court clerk
Explanation
In Oklahoma, earnest money is typically held by the listing broker in a separate trust account or escrow account, separate from the broker's operating funds, until closing or termination of the contract.
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