Real Estate Exam [Texas] 25, Earnest Money Deposit Rules

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The amount of earnest money is negotiable and not a legally mandated percentage in Texas. - Earnest money must be delivered to the escrow agent, typically a title company, within 3 days of the contract's effective date. - If a buyer defaults without a valid contingency, the seller is generally entitled to k...