Contracts
In Oklahoma, earnest money disputes between buyer and seller are typically resolved by:
AOREC making a final determination
BThe parties reaching agreement, or through interpleader, mediation, or litigation✓ Correct
CThe listing broker keeping the funds automatically
DThe title company deciding who receives the funds
Explanation
Earnest money disputes are resolved through (1) mutual written agreement of buyer and seller directing release, (2) interpleader action by the broker asking a court to decide, (3) mediation, or (4) litigation. The broker should not release funds without proper direction.
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