Escrow & Title
A Pennsylvania 'interpleader' action by a broker holding disputed earnest money involves:
ARetaining the earnest money permanently
BFiling a court action to deposit the disputed funds with the court and let the parties litigate ownership✓ Correct
CReturning the money to the buyer automatically
DPaying the money to PREC for safekeeping
Explanation
When buyer and seller both claim earnest money held by a Pennsylvania broker, the broker can file an interpleader — depositing the disputed funds with the Court of Common Pleas and asking the court to determine the rightful party. This protects the broker from liability while the parties resolve their dispute.
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