Escrow & Title
In Virginia, earnest money deposited with a broker must be kept in:
AThe broker's personal bank account
BA federally insured escrow account separate from operating funds✓ Correct
CA trust fund at the local courthouse
DAny interest-bearing account
Explanation
Virginia law requires that all escrow funds, including earnest money, be held in a federally insured escrow (trust) account that is entirely separate from the broker's operating accounts.
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