Georgina is an escrow agent who's holding funds for several transactions. Which of these statements about how she'll disburse these funds is true?- If the transaction closes, Georgina will disburse the earnest money to the listing broker as part of his commission. - If the transaction closes, she'll refund the earnest money to the buyer, since the buyer brings the full amount necessary for the down payment and loan costs to closing. - If the transaction doesn't close, Georgina will disburse the earnest money as instructed by the parties or according to state law. - If the transaction doesn't close, Georgina will refund the earnest money to the buyer.

Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!