CTC - Certified Transaction Coordinator Practice Test
CTC CTC Financial Transactions and Escrow
What is 'earnest money' in a real estate transaction?
Select your answer
A
A deposit made by the buyer to demonstrate serious intent to purchase
B
The commission paid to the listing agent at closing
C
A fee charged by the title company for escrow services
D
The full down payment submitted on the day of closing
Hint
