Corrupt Real Estate Agent

Legal Q&ACategory: Real EstateCorrupt Real Estate Agent
Jeannie Ly asked 3 months ago

What are the laws regarding a $5,000 down payment to an agent to purchase a house intending on financing? Without ever being able to finance the house, will the money be refundable?

1 Answers
Dave Alden answered 3 months ago

Most real estate purchase and sale agreements have financing clauses along with language that discusses deposit refundability.