Which statement is true regarding the deposit of earnest money in Kentucky?

The statement regarding the deposit of earnest money that is accurate in the context of Kentucky real estate transactions is that earnest money must be available if the buyer's offer isn’t accepted. This means that when a buyer submits an offer, often accompanied by earnest money as a show of good faith, the funds must be in a position to be returned to the buyer if the seller decides not to accept the offer. This ensures that the buyer's investment is protected and that there is an acknowledgment that the offer can be rejected, thus necessitating the availability of those funds.

In other contexts, earnest money may not always be required, or could be held by different parties; however, the key point here is the requirement that the funds are accessible when a transaction does not proceed. This principle fosters trust between involved parties and helps ensure a smooth transaction process within the Kentucky real estate market.