Definition: The cash deposit paid by a prospective buyer of real property as evidence of good-faith intention to complete the transaction. Also called a good-faith deposit or binder deposit.
Pronunciation: \ˈər-nəst\ \ˈmə-nē\
Used in a Sentence: We gave the agent an earnest money deposit to show our interest in the property.
How do you earn bigger commissions in real estate? In this week's episode of State of Real Estate, you'll learn the secrets to earning bigger real estate commissions. Join us...
How do you earn bigger commissions in real estate? In this week's episode of State of Real Estate, you'll learn the secrets to earning bigger real estate commissions. Join us...
Florida Real Estate License, Easy as 1,2,3! Join us for an informative livestream session as we delve into the essential steps to obtain your real estate license in Florida. Whether...
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