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Business, 04.06.2021 04:00 gcarter1203

A buyer made an earnest money offer to purchase property, and the broker placed the funds in his trust account. After the seller's acceptance but prior to opening of escrow, the buyer informs the broker that he has revoked his offer and demands the return of the deposit. The broker, not wanting to be involved in the conflict with respect to the disposition of the deposit funds, deposited them with the appropriate court. This would be an example of

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A buyer made an earnest money offer to purchase property, and the broker placed the funds in his tru...
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