What is earnest money and why it matters

Earnest money (arras in Spanish law) is the deposit a buyer gives to a seller to reserve a property. It's the most critical moment: it transforms a purchase intention into a binding commitment. Without it, the buyer can walk away at any moment. With it, there's money at stake.For a real estate agent, mastering these contracts is not optional — it's the difference between closing deals and losing them at the last minute.

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