Contracts
In Vermont, earnest money held during a transaction is typically held by:
AThe buyer's personal bank account
BThe listing broker or a neutral escrow agent in a trust account✓ Correct
CThe Vermont Department of Finance
DThe seller directly
Explanation
Earnest money in Vermont is typically held in a trust/escrow account by the listing broker or a designated escrow agent, protecting the funds during the transaction.
Related Vermont Contracts Questions
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