Utah License Law
An earnest money dispute in Utah that cannot be resolved between buyer and seller is typically:
ADecided by the listing agent's brokerage
BHeld in trust by the broker until both parties agree or a court orders disbursement✓ Correct
CAutomatically returned to the buyer after 30 days
DForfeited to the state's Education Research and Recovery Fund
Explanation
When buyer and seller dispute earnest money, the holding broker must keep the funds in trust until both parties agree in writing on disbursement, a court orders disbursement, or the parties submit to mediation/arbitration. The broker cannot disburse disputed funds without authorization.
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