Escrow & Title
In Pennsylvania, earnest money deposited with a broker must be held in:
AThe broker's personal checking account
BA separate escrow or trust account maintained by the broker✓ Correct
CThe listing office's operating account
DA joint account shared between buyer's and seller's agents
Explanation
RELRA requires Pennsylvania brokers to maintain separate escrow (trust) accounts for funds received on behalf of others, completely segregated from the broker's personal and operating accounts. Commingling is a serious RELRA violation.
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