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Earnest Money Deposit Receipt (for Personal Property)

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Updated October 10, 2024

An earnest money deposit receipt is supplied to a buyer who has expressed interest in a piece of property by providing a monetary deposit. The earnest money should be payable to a reputable third party such as an established real estate brokerage, legal firm, escrow company, or title company.

Who Keeps the Deposit?

If the sale goes through, the deposit goes towards the down payment. The receipt typically includes a refund policy section that explains when the seller is permitted to keep the deposit and when the buyer’s deposit will be refunded.