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What is the advantage of having a broker hold an earnest money check without depositing it while a purchase and sale agreement is in negotiation?
What is the advantage of having a broker hold an earnest money check without depositing it while a purchase and sale agreement is in negotiation?
The sellers have more time to consider the offer.
The broker can easily return the check to the buyers if the negotiations fail.
It allows the buyers more time to accumulate the deposit money.
The buyers can postdate the check by several days or weeks.
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