Buyers ask our firm about Earnnest at least once a week.
Lately, more brokerages have been insisting (or strongly encouraging) buyers to pay their earnest money through Earnnest or another electronic/digital payment platform.Can a brokerage require it?
What are the advantages and disadvantages?
What payment alternatives are available?
Because there is a lot to know about earnest money deposits, we put together a detailed article on the topic. You can read it here.
As always, if you have questions about buying or selling real estate in Chicagoland, you can schedule a call with me (Mike).