South Dakota License Law
In South Dakota, 'earnest money disputes' between buyer and seller are resolved by:
AAutomatic split between buyer and seller after 30 days
BCourt order, written agreement between all parties, or interpleader action by the broker✓ Correct
CThe SDREC after reviewing the purchase agreement
DThe listing agent's unilateral decision
Explanation
When buyers and sellers dispute earnest money disbursement, the broker can release funds by mutual written agreement, court order, or by filing an interpleader action with the court to have the court decide.
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