03/04/2026
https://franchiseclearly.com/selling-a-franchise-heres-what-to-know-about-buyer-deposits/
“Earnest money” is what sellers call a deposit in the residential market. A real estate deposit is a buyer’s good faith payment showing serious intent to purchase, held in escrow until closing, then applied to closing costs or down payment. It’s usually 1-10 percent of the price and refundab...