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When a contract is signed by a seller and buyer to purchase a home and requires earnest money pymt by a certain date if it is not collected by the broker who is repsonsible to pay it buyer or broker?
THE BUYER OF THE HOUSE PAYS EARNEST MONEY. NO MATTER WHO'S RESPONSIBILITY IT IS FOR GETTING IT THE ONE WHO PAYS DOESN'T CHANGE NO MATTER WHAT HAPPENS
What happens if you decide not to pay earnest money when buying a home and sighned contract?
The people you are buying the house from can sue you for the earnest money.
When closing a real estate deal what will the real estate broker do with the deposit?
The earnest money deposit is held in an escrow account until the closing takes place. At closing the earnest money is either credited to your side to add to your down payment or it can be credited back to you in the form of a check. If your deal does not close there are different rules in each state as to how the earnest money will be handled.
When was Money Broker born?
Money Broker was born in 1950, in USA.
How can you use a sentence for earnest?
We tried in earnest to return the money to its rightful owner, but we were unsuccessful.
Can you use a personal item as earnest money?
ANYTHING or any amount can be used as Earnest Money as this is about the mutual contract between the contracting parties. this is the satisfaction of the seller that on what thing or money he is ready to accept as EARNEST MONEY OR DEPOSIT. this is to secure the transaction and it is the satisfaction of the seller only
Which of the following explains what happens when currency traders buy on?
They borrow money from their broker in order to make a larger currency purchase
How can you used the word earnest in a sentence?
He had no money or education, but he did have an earnest desire to prove himself. I thought him a liar at the time, but now I realize that he was in earnest. (archaic)
Is forfeited earnest money tax deductible?
No.
How much money did The Importance of Being Earnest gross worldwide?
The Importance of Being Earnest grossed $8,378,141 worldwide.
Is earnest money taxable?
Earnest money is not taxable if it is forfeited due to a breach of contract by the buyer. However, if the earnest money is applied towards the purchase price of the property, it is typically not taxable. It's always best to consult with a tax professional for specific advice based on your situation.
What does a money broker do?
A hard money broker is usually a short term money lender. This broker will typically offer loans without the usual credit checks, although these are often at high interest rates.
