Jeung gave her agent an earnest money check, and the seller accepted jeung's offer. what will happen to the check now?

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24-08-2022
Social Studies

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Jeung gave her agent an earnest money check, and the seller accepted jeung's offer. what will happen to the check now?

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Parrain Parrain · Answer 1 · 2022-08-30T16:01:21+02:00

Based on the fact that this is an earnest money check, after the seller accepts Jeung's offer, An escrow agent will hold the funds in a trust account until the agreement's terms are satisfied.

What are earnest money checks?

This is a check that is attached to an offer to buy real estate to prove your intentions to the seller of the real estate.

If the seller agrees to the conditions of the sale, the check would then be held in escrow by an agent who will keep it until the agreement is satisfied and then it is released to the seller.

Find out more on earnest money checks at https://brainly.com/question/4538078

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