A deposit included with an offer to buy that assures the seller that the buyer is serious about buying the house is called
A)assurance deposit.
B)buyer's assurance.
C)home deposit.
D)earnest money.
E)none of the above.

Question

Quizplus · Accepted Answer

The deposit included with an offer to buy that assures the seller that the buyer is serious about buying the house is called earnest money. It shows the seller that the buyer is committed to the purchase and will not back out without a good reason.

A Deposit Included with an Offer to Buy That Assures