Escrow & Title
In West Virginia, an escrow agent holding a buyer's earnest money deposit has a duty to:
AInvest the funds in the market for maximum return
BHold the funds in a separate, non-commingled escrow account until properly disbursed✓ Correct
CReturn the funds immediately to the buyer upon request
DTransfer the funds to the listing broker's operating account
Explanation
West Virginia law requires that earnest money and other client funds be held in a separate, non-commingled escrow (trust) account. Commingling client funds with operating funds is a serious violation that can result in license suspension or revocation.
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