In contract negotiations, an offer is not considered accepted until the person making the offer signs the offer provides earnest money has been notified of the other party's acceptance. receives written confirmation of the acceptance. Special contingency clauses providing that the contract may be voided if the property appraises below the sale price must be part of contracts for planned unit developments. home financed by FHA and VA loans. all single-family homes in New Jersey. homes constructed before 1978. Earnest money from the purchaser must be kept in a special account and must NOT be * placed in a bank disclosed to the seller. mixed with funds from other buyers. mixed with the broker's own funds