As previewed last week, NAR is pleased to share the latest consumer guide focused on escrow. This guide covers what homebuyers should know about earnest money deposits, including the general terms and use cases in real estate transactions.

 

As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor. Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides:

 

• NEW: Escrow and Earnest Money
• Pricing Your Home
• Preparing to Sell Your Home
• Fire Damage and Policy Coverage
• Flood Insurance

 

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

 

Be on the lookout for next week’s guide on Wednesday, which will cover preparing prospective buyers for homeownership.

 

Thank you,

Lesley Muchow

NAR General Counsel