Contracts
Under the Georgia Purchase and Sale Agreement, the buyer's earnest money deposit is typically how much?
AExactly 5% of the purchase price
BA negotiated amount — there is no fixed required amount✓ Correct
C1% required by law
DA minimum of $1,000 set by GREC
Explanation
Georgia does not have a legally required earnest money amount. It is negotiated between buyer and seller, with amounts typically ranging from 1% to 3% or more of the purchase price.
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