Contracts
Vermont's purchase contract 'earnest money release' procedures require:
AVREC approval before funds are disbursed
BMutual written consent of both buyer and seller, or a court order, before the escrow agent releases disputed funds✓ Correct
CThe listing broker to decide who gets the money
DAutomatic release to the seller after 30 days
Explanation
Disputed earnest money may only be released with mutual written agreement of the buyer and seller or pursuant to a court order. Unilateral release is not permitted, protecting both parties.
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