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Earnest money tracking and Escrow account reconciliation
https://brokermint.com/earnest-money-tracking-escrow-account-reconciliation/
Real Estate Deposit Tracking Software | Brokermint
https://brokermint.com/real-estate-earnest-money-emd-tracking/
Real Estate Earnest Money Tracking Made Easy with Brokermint Team-based commission tracking can be complicated, but Brokermint makes it easy. Set up teams and cap contributions. See exactly how much each team contributed toward the group’s quota. This ensures that everyone is paid fairly and correctly, in a way that’s up-front and hassle-free.
Earnest Money - Overview, How It Works, Buyer Protection
https://corporatefinanceinstitute.com/resources/knowledge/deals/earnest-money/
Earnest money, also known as a pledge, is a certain amount of money that a buyer pays to a seller to demonstrate his good faith and intention to complete the transaction. The amount is usually 1%-2 % of the sale price or a fixed amount. Earnest money is also known as a binder or token money.
What Is Earnest Money And How Much Is Enough? | …
https://www.rocketmortgage.com/learn/earnest-money
Earnest money protects the seller if the buyer backs out. It's typically around 1 – 3% of the sale price and is held in an escrow account until the deal is complete. The exact amount depends on what's customary in your market. If all goes smoothly, the earnest money is applied to the buyer's down payment or closing costs.
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