Contracts
Under Utah law, an earnest money dispute where the buyer and seller cannot agree on the release of funds may be resolved by:
AThe listing broker deciding who gets the money
BInterpleader action—the broker deposits the funds with the court to decide✓ Correct
CAutomatic refund to the buyer after 30 days
DThe buyer retaining the funds pending resolution
Explanation
When the parties dispute who is entitled to earnest money and cannot agree, the broker may file an interpleader action, depositing the funds with the court and letting the court decide the proper recipient.
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