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2 deadlines you shouldn’t confuse

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10/29/2014 | Author: Editorial Staff

A recent post about the timing of earnest-money delivery highlighted confusion among some members about this topic. Specifically, the timeline for a buyer to deposit earnest money differs from the timeline for a buyer to deliver his fee for a termination option.

This legal FAQ explains the buyer’s obligation regarding earnest money. Read this blog post for information about when a buyer must deliver his option fee; the option-fee deadline changed in April. 

Categories: Legal
Tags: legal, legal faq, contract, forms, earnest money, termination option

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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