Agency
If a Utah buyer cancels a contract within the due diligence period, what must the buyer's agent do with the earnest money?
AReturn the earnest money immediately from their personal account
BFacilitate proper disbursement per the contract terms and Utah trust fund rules✓ Correct
CHold the funds in the agent's personal account until both parties agree
DDeposit the funds into the Division of Real Estate's account
Explanation
The agent must facilitate return of earnest money per contract terms and Utah trust fund procedures. The funds must be held in the broker's trust account until proper disbursement authorization is given. The agent cannot disburse from a personal account.
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