Legal Question in Real Estate Law in Florida

Is earnest money a legal requirement in Florida?


Asked on 1/22/18, 12:10 pm

2 Answers from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

No, it is not

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Answered on 1/22/18, 12:34 pm
Barry Stein De Cardenas, Freixas, Stein & Zachary

agreed it is not a requirement. it is done as a formality so that the purchaser can show that they have real interest in purchasing the property and creates a fund against which default damages can be collected.

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Answered on 1/22/18, 1:15 pm


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