"leslie clauson"

Real Estate Training Institute

Real Estate Training Institute

Search for answers or browse our knowledge base.

(228) 354-8585

< All Topics

B. When the broker is the agent for the seller…

When the broker is the agent for the seller and for any reason the seller fails or is unable to consummate the transaction, the broker has no right to any portion of the earnest money deposited by the purchaser, even if a commission has been earned.  The entire amount of the earnest money deposit must be returned to the purchaser and the broker should look to the seller for compensation.

Table of Contents