Earnest money is the sum of money the home buyer deposits with the
A) realtor to view homes.
B) realtor for finding the desired home.
C) lender to originate the loan.
D) seller to indicate intent of purchase.
E) lender to guarantee the purchase.

Question

Quizplus · Accepted Answer

Earnest money is the sum of money a buyer deposits with the seller to indicate the buyer's intent to purchase the home. This money is typically held in an escrow account until the closing of the sale.

Earnest Money Is the Sum of Money the Home Buyer