After an offer was rejected on June 6th, where would the earnest money check be found?

When an earnest money check is submitted with an offer, it is typically held in a trust account by the listing firm or the broker representing the seller until the transaction is completed or the agreement is terminated. In the case of a rejected offer, the earnest money should be returned to the buyer, and it is still within the custody of the listing firm's trust account during the negotiation process.

The trust account is specifically designated to hold clients' funds securely and is managed according to state regulations. After the offer rejection, the earnest money check would be processed to return the funds to the buyer, but during the period of the offer, it remains in that trust account. Therefore, the assertion that the earnest money check would be in the listing firm's trust account reflects this established practice in real estate transactions.