An earnest money deposit is essentially a deposit on the property that you're looking to buy. As a general rule, you can expect to pay anywhere from one percent to five percent of the purchase price.
Are you considering a career in real estate? Check out our upcoming pre-licensing courses here: tocrres.com/register
![](https://static.wixstatic.com/media/c6d5f2_01b83e7b60ac45d4a97fda3fa7af55c6~mv2.jpg/v1/fill/w_110,h_73,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/c6d5f2_01b83e7b60ac45d4a97fda3fa7af55c6~mv2.jpg)