Legal Matters: License law requirements for handling earnest money
On July 30, 2012
One of the most frequently asked questions received by the OAR Legal Hotline concerns the proper handling of earnest money…
- Is earnest money required to have an enforceable contract in Ohio?
- What constitutes “timely manner” for depositing of earnest money into a trust account?
- Which broker should hold the earnest money?
- If, for some reason, the contract doesn’t close…which party should get the earnest money?
The OAR Legal Hotline’s Peg Ritenour & Lorie Garland provide a comprehensive review of the Ohio license law requirements of handling earnest money in this must see episode of OAR Legal Matters!
Tags: legal, OAR Legal Matters