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Thursday, November 21, 2019

What is the mean by Earnest money contract (EMC) in real estate?

If you are searching for the meaning of Earnest money contract (EMC) in real estate and also a definition of Earnest money contract (EMC),  then this blog post is helpful for you

Definition

A contract for the sale or purchase of real estate in which the purchaser is required to tender earnest money to evidence good faith in completing the contractual obligations. Also, see sales contract and promulgated contracts. 

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