Contracts
In Wyoming, an earnest money dispute between buyer and seller is typically resolved by:
AThe title company deciding who receives the funds
BThe broker releasing funds according to a signed mutual release or court order✓ Correct
CThe buyer automatically receiving the funds if they claim there was a contingency
DThe seller automatically receiving the funds upon the buyer's cancellation
Explanation
When there is a dispute over earnest money, the broker holding the funds typically cannot release them unilaterally. Resolution requires a signed mutual release from both parties or a court order directing disbursement. Many brokers interplead the funds with the court to avoid liability.
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