Contracts
A Wyoming seller's 'receipt of earnest money' on a purchase contract means:
AThe seller personally received the cash
BThe earnest money was deposited in the broker's trust account or a specified escrow✓ Correct
CThe contract is fully executed and binding
DThe seller has accepted all terms of the offer
Explanation
In Wyoming real estate contracts, 'receipt of earnest money' typically indicates the earnest money was received by the broker or escrow agent and deposited into a trust account. It does not necessarily mean the seller personally received cash.
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