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Wholesaling

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Katy Shearer
  • Investor
  • Madison, MS
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Earnest Money

Katy Shearer
  • Investor
  • Madison, MS
Posted May 2 2015, 06:19

I am a wholesaler. I have given the seller a standard purchase to sell agreement. I have collected $1000 earnest. The seller has added to the agreement "additional deposit upon signing this agreement". 

Can the seller determine the amount of earnest money or a deposit?

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