Contracts
Vermont's 'transfer of earnest money to seller' upon default requires:
AAutomatic transfer after 7 days
BMutual written agreement between buyer and seller or a court order before the broker can release disputed funds✓ Correct
CVREC authorization for the release
DSimple written instruction from the listing agent
Explanation
Brokers holding disputed earnest money may not release it unilaterally to either party. Release requires mutual written agreement of both buyer and seller or a court order, protecting both parties and the broker.
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