What Is Earnest Money?

What is Earnest Money? Or, better stated, what is an earnest deposit? In this real estate exam prep video, we discuss what an earnest deposit is, when and why they are used, and the processes for delivering earnest deposits. Key real estate vocabulary used:
Earnest Money -
Earnest Deposit -
Earnest Money Deposit -
Trust Account -
Escrow Closing -

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New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section.

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Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
The Real Estate Classroom
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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.

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Paul Vojchehoske