Vermont License Law
Under Vermont law, a real estate licensee who receives a cash earnest money deposit from a buyer must:
AHold it in their personal account until closing
BDeposit it into a trust account within 3 business days✓ Correct
CForward it directly to the listing broker immediately
DReturn it to the buyer pending the seller's acceptance
Explanation
Vermont requires real estate brokers to deposit client funds, including earnest money, into a separate trust (escrow) account within 3 business days of receipt. Commingling with personal funds is prohibited.
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