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sketchy broker

Who Holds the Buyer’s Earnest Money Check — and Why it Matters

Moot Issue . . . Unless the Deal Hiccups One of the biggest concerns residential home Buyers have is who holds their earnest money check. Due once there is an accepted Purchase Agreement, earnest money typically is equivalent to 2% – 5% of the purchase price, and plays a dual role:  a) it signifies the...
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