The Purchase and sales agreement provides for release of earnest money to the seller after the buyer's property inspection. The seller requests the earnest money prior to the property inspection. The broker should *

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01-04-2022
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The Purchase and sales agreement provides for release of earnest money to the seller after the buyer's property inspection. The seller requests the earnest money prior to the property inspection. The broker should *

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ayokenny2001 ayokenny2001 · Answer 1 · 2022-04-08T09:25:43+02:00

The broker should refuse to release the earnest money even after the seller requested the earnest money prior to the property inspection.

What is earnest money?

Earnest money refers to the deposit paid by a buyer to a seller, reflecting the good faith of a buyer in purchasing a home.

It is the money paid to a merchant or seller to complete a contract or money paid to a merchant / seller to show good faith in the transaction.

Hence, the broker should refuse to release the earnest money even after the seller requested the earnest money prior to the property inspection.

Learn more about earnest money here : https://brainly.com/question/14342438