Contracts
Under Wisconsin law, earnest money in a real estate transaction is held by:
AThe seller's attorney until closing
BThe listing broker in a trust account✓ Correct
CDSPS in a state escrow fund
DThe title company only
Explanation
In Wisconsin, the listing broker holds earnest money in a segregated trust account (not commingled with operating funds) until the transaction closes, is voided, or a dispute is resolved.
Related Wisconsin Contracts Questions
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