Contracts
In Florida real estate, 'earnest money' (also called a good faith deposit) serves primarily to:
APay the broker's commission
BDemonstrate the buyer's serious intent and serve as potential liquidated damages upon buyer default✓ Correct
CCover the seller's carrying costs during the contract period
DFund the title insurance premium
Explanation
Earnest money demonstrates the buyer's good faith and serious intent to purchase. If the buyer defaults, the deposit may be retained by the seller as liquidated damages.
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