Remove Earnest money deposit Remove Land Remove Proof of funds Remove Termite Report
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Earnest money deposit. Also known as a “good faith deposit,” it’s the amount of money a buyer puts in escrow to show their commitment to purchase a property. One example is someone using a private road to access their own land. Proof of funds. Termite report/inspection/letter/bond.