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Earnest Money vs. Option Fee

Key takeaways Earnest money and option fees are both payments buyers make when submitting an offer on a home, but they serve different purposes. Earnest money shows a buyer’s commitment and is applied toward the purchase at closing. ...

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Crystal Hudson Backtracks On Real Estate Donations

Brooklyn Councilmember Crystal Hudson appears to have been caught with real estate cash.A leading contender in the New York City Council speaker race, Hudson took campaign cash from real estate players while publicly pledging not to, the New Yo...

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How Much Is Earnest Money in Texas?

Key takeaways:  If you’re buying a home in Texas, you’ve probably heard the term earnest money, the deposit that shows a seller you’re serious about your offer. In most cases, earnest money in Texas ranges from 1% to 3% of the hom...

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DRE warns of email hackers committing wire fraud

Why this article matters: With its singular role in the industry, the DRE outlines the most common types of fraud experienced in the California real estate market.Real estate fraud gone electronicIn a recent consumer alert, the California Depar...

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