INTERPLEAD

If a dispute should arise between the vendor or potential purchaser as to the ownership of deposit money paid into the agent's trust account the agent should interplead. This requires the agent to pay the money into the court which will hear the dispute and dispose of the money according to the court's decision. The other party is served with a claim and the agent as interpleader takes no part in any further action. The agent must remain indifferent as he/she is the stakeholder .