What does a broker do if the buyer of an industrial complex wants the earnest money to be placed in an interest bearing trust account with the interest being paid to the buyer at closing

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16-07-2021
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What does a broker do if the buyer of an industrial complex wants the earnest money to be placed in an interest bearing trust account with the interest being paid to the buyer at closing

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Nyctalus Nyctalus · Answer 1 · 2021-07-19T06:19:34+02:00

Answer:

In that case, Prior to executing the purchaser's requirements about the earnest deposit and incentive distribution, the brokers must get written authorization from the seller.

If the purchaser wants the commitment money to generate interest. On provide interests to the buyer's earnest money, the broker must first obtain approval from the seller. Other alternatives are wrong since the broker does not enable you to make your own decisions.