Cobrokerage transaction--Money held in broker's trust account.

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  5. Cobrokerage transaction--Money held in broker's trust account.

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36-21A-76. Cobrokerage transaction--Money held in broker's trust account.

Any earnest money paid in a cooperative or cobrokerage transaction shall be held in a broker's trust account unless otherwise agreed to by the buyer and seller.

Source: SL 1992, ch 273, §76; SL 2012, ch 195, §1.


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