A seller may keep the buyers earnest money as liquidated damage if
A) that is stated in the listing agreement as a remedy for the seller
B) The seller and the broker agree that the buyer defaulted in the contract calls for specific performance
C) The buyer defaults and the purchase agreement stipulates liquidated damages as a remedy
D) The seller fail to perform an essential element of the contract
Answer: C) The buyer defaults and the purchase agreement stipulates liquidated damages as a remedy
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