Contracts
Earnest money in Missouri serves primarily as:
APayment of the agent's commission
BEvidence of the buyer's good faith and financial ability, applied toward the purchase price at closing✓ Correct
CA fee paid to MREC
DPrepayment of property taxes
Explanation
Earnest money demonstrates the buyer's good faith and seriousness. If the transaction closes, it is applied toward the purchase price.
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