Contracts
What is an 'earnest money escrow dispute' procedure in South Carolina?
AA procedure where SCREC decides who gets the earnest money
BA procedure where the holding broker files an interpleader action if parties can't agree✓ Correct
CA procedure requiring mandatory mediation before court
DA procedure requiring the agent to pay the earnest money
Explanation
When there's an unresolved earnest money dispute, the holding broker may file an interpleader action in court, depositing the disputed funds with the court and asking the judge to decide who is entitled to them.
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