What is Earnest Money? | REAL-ESTATE-SALESPERSON Exam Prep

Earnest money is a deposit made by a buyer to demonstrate serious intent to purchase a property, typically held in escrow until closing. 📚 Learn more about Earnest Money and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Earnest Money definition: https://www.open-exam-prep.com/glossary/earnest-money 💡 Exam Tip: Earnest money shows good faith. Contingencies protect buyer's deposit. --- #real-estate #examprep #financeexam #real-estate-salesperson