Contracts
A South Carolina buyer's offer includes a $10,000 earnest money deposit but writes a personal check. The seller should know:
APersonal checks are not accepted in SC real estate
BThe check must be deposited promptly and may not clear✓ Correct
CPersonal checks automatically make the offer void
DOnly cashier's checks are legal for earnest money
Explanation
Personal checks are commonly used for earnest money, but the broker must deposit them promptly and the seller should be aware that personal checks may bounce. Contracts often specify the timing and form of earnest money.
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