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Contract for the Sale of Real Estate
F. After both the buyer and the seller have executed the sales contract, the buyer acquires the interest in the land, known as Equitable Title, or sometimes called an insurable interest.
Earnest Money Deposits -- Not Required for a Legal Contract
A. Generally give evidence of intention to carry out the terms of contract
2. Cannot be commingled, mixed with a broker's operating funds, or converted to a broker's own use.
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