Which of the following would not be considered a nominal earnest money deposit, subject to the pooled interest-bearing account requirement?
A. $5,000 in the form of personal check
B. $7,500 in the form of cash
C. $10,000 in the form of certified checks
D. $11,000 in the form of a cashiers check
Answer: D. $11,000 in the form of a cashier's check
Nominal earnest money deposits are $10,000 or less.
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