This is a question I would like to answer for buyers, sellers as well as real estate agents that don’t seem to understand the concept of earnest money. The answer is NO! NO! NO! the buyer is not entitled to receive their earnest money back. If the buyer or agent doesn’t abide by dates and deadlines or terminates on something they do not have a contingency for they lose their earnest. That is the point of the earnest money. Do not assume a buyer automatically gets their earnest money back. Granted the buyer has multiple outs to get it back they still can lose it.

It's nice to share