Contracts
What is 'earnest money' in an Idaho real estate transaction?
AThe buyer's down payment at closing
BA deposit showing the buyer's good faith intention to purchase✓ Correct
CThe broker's commission deposit
DThe title insurance premium
Explanation
Earnest money is a good-faith deposit made by the buyer to demonstrate serious intent to purchase. It is typically held in a trust account and applied to the purchase price at closing.
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