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- Earnest money is a deposit made by a buyer to a seller in a real estate transaction, signaling the buyer's commitment to follow through on the purchase. It serves the purpose of reassuring the seller of the buyer's seriousness, prompting them to reserve the property for the buyer.
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Dec 19, 2018 · If you're buying or selling real estate in Florida, your transaction may require an earnest money deposit, a prescribed amount of cash the buyer puts down to indicate strong interest while working out the closing details. The money is held until closing, and is applied to the total purchase price.
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Jul 11, 2022 · The latest from FREC on what help a Realtor can get from an employee or helper who doesn't possess a real estate license. The Florida Real Estate Commission lists the following activities may be performed by a Realtor's unlicensed employee or assistant: Answer the phone and forward calls.
Feb 26, 2021 · 33 Mere possession of a broker’s license is not sufficient to qualify for MLS participation. Rather, the requirement 34 that an individual or firm offers or accepts cooperation and compensation means that the participant actively 35 endeavors during the operation of its real estate business to list real property of the type listed on the MLS
Mar 12, 2024 · Earnest money is an upfront deposit that a buyer makes when planning to purchase a home, showing that they're making a serious offer. It’s also called a “good faith deposit” because the buyer is proving to the seller that they have every intention of buying the property if their conditions are met.
Jan 13, 2023 · Earnest money is an upfront deposit that you make as a buyer when planning to purchase a home. It’s sometimes called a good faith payment because you’re proving to the seller that you have every intention of buying the home if your conditions are met.
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Apr 23, 2024 · When making an offer on a home, you will show the sellers you mean business with two things: 1) a chunk of cash called an earnest money deposit, and 2) a piece of paperwork known as an...
