Question

Millie is a buyer who has given her agent an earnest money check for $10,000 with an offer to purchase. when will the check be deposited?

Answer 1

The answer is After the seller accepts the purchase offer.

Millie is a buyer who has given her agent an earnest money check for $10,000 with an offer to purchase. The check will be deposited after the seller accepts the purchase offer.

What is Purchase offer?

• An offer could be a conditional proposition made by a buyer or vender to purchase or offer an resource, which gets to be lawfully authoritative in case accepted.
• There are numerous different types of offers, each of which incorporates a particular combination of highlights extending from estimating prerequisites, rules and controls, sort of resource, and the buyer's and seller's motives.
• When it comes to value and obligation offerings, the advertising cost is the cost at which freely issued securities are advertised for buy by the venture bank guaranteeing the issue.

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