Contracts
The EMD (earnest money deposit) in Missouri is NOT required by law but is typically included because:
AMREC mandates it
BIt demonstrates the buyer's good faith and gives the seller some assurance of the buyer's commitment✓ Correct
CIt pays the agent's commission upfront
DIt funds the title search
Explanation
While not legally required for contract validity, EMD demonstrates the buyer's serious intent and commitment. It creates a financial consequence for the buyer if they breach the contract.
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