Buyer Karen is making an offer on a property of $125,000, asking the seller to split the title fees. She states that she can provide her pre-approval letter and can close the transaction in 30 days. She includes a sapphire necklace as her earnest deposit. Which of the following is true?

Question

Accepted Answer

The sellers will have to agree in writing to accept a necklace as an earnest deposit.

Answer

Karen cannot offer a necklace as an earnest deposit in the purchase of a home.

Answer

The sellers can require Karen to use the title company they choose.

Answer

The broker must have a written appraisal stating the necklace's value to accept it as an earnest deposit.

Buyer Karen is making an offer on a property of $125,000, asking the seller to split the title fees. She states that she can provide her pre-approval letter and can close the transaction in 30 days. She includes a sapphire necklace as her earnest deposit. Which of the following is true?

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Buyer Karen is making an offer on a property of $125,000, asking the seller to split the title fees. She states that she can provide her pre-approval letter and can close the transaction in 30 days. She includes a sapphire necklace as her earnest deposit. Which of the following is true?

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know? Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com