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If an earnest money deposit is held by a broker in an interest bearing escrow account, what is the disposition of the interest earned? Question
If an earnest money deposit is held by a broker in an interest bearing escrow account, what is the disposition of the interest earned? Question 13Select one: A. it is, by regulation, credited to the buyer B. it is always credited to the seller, at closing C. the broker may keep the interest D. escrow accounts cannot, by regulation, earn interest
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
