Escrow & Title
In South Carolina, who typically holds the earnest money when there is a cooperative sale (two different brokerages)?
AThe buyer's brokerage always holds it
BThe listing broker typically holds it in their escrow account✓ Correct
CThe closing attorney always holds it
DThe seller's personal attorney holds it
Explanation
In a cooperative sale, earnest money is typically deposited into the listing broker's trust account. The specific arrangement may be agreed upon in the purchase contract.
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