Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
19:58 Apr 20, 2005
Chinese to English translations [PRO] Bus/Financial - Accounting
EARNEST MONEY OR BINDER
When you make an offer on a property, you are expected to put an amount of money with the offer which proves to the seller that you are serious and are willing to back it up by putting your "money where your mouth is". Typically, if your offer is under $100,000 then $500 is the norm, if your offer is over $100,000 then a minimum of $1,000 is the norm.