Jase53471 Jase53471
  • 21-02-2024
  • Business
contestada

The purpose of requiring an earnest money deposit in a real estate sales contract is to
a) Secure financing for the buyer.
b) Compensate the seller for damages if the buyer defaults.
c) Cover the closing costs for both parties.
d) Ensure the property is free from liens and encumbrances.

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