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EARNEST MONEY AUTHORIZATION
Effective 6/2020Name ___CNB Account # ___Email Address ___Phone # ___1.PROPERTY INFORMATION
Property Address: ___
A copy of the legal description of the property must be
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What is earnest money authorization?
Earnest money authorization is a formal document used in real estate transactions that allows the deposit of earnest money by a buyer to show their serious intent to purchase a property.
Who is required to file earnest money authorization?
Typically, the buyer or their agent is required to file an earnest money authorization as part of the real estate transaction process.
How to fill out earnest money authorization?
To fill out earnest money authorization, provide the buyer's and seller's information, the property details, the amount of earnest money being deposited, and any relevant terms and conditions.
What is the purpose of earnest money authorization?
The purpose of earnest money authorization is to ensure that the buyer is committed to the purchase of the property and to outline the terms of the earnest money deposit.
What information must be reported on earnest money authorization?
The information that must be reported includes the names of the parties involved, the property address, the amount of earnest money, the method of payment, and any conditions related to the deposit.
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