Redfin
JULY 11, 2025
This good-faith payment, typically 1% to 3% of the purchase price, is held in escrow and applied to your down payment or closing costs if the sale goes through. That means if the sale is completed, the money is not refunded – it’s credited toward what you owe. But what about if your deal falls through, is the earnest money refundable then?
RIS Media
SEPTEMBER 1, 2020
based company is the largest digital earnest money service in the United States, allowing buyers to securely and electronically deposit funds directly to an escrow holder. Earnnest is free to use for the agent and escrow holder, and Earnnest charges the homebuyer a flat processing fee for each transaction.
RIS Media
FEBRUARY 10, 2021
Earnnest payments have traditionally been free for agents and escrow holders, with a flat $15 fee to homebuyers. However, for one month as part of this new partnership, Earnnest is waiving the fee for all DMAR members. REALTORS® can download the Earnnest app for free in the App Store or Google Play.
Expert insights. Personalized for you.
Let's personalize your content