Question: Most real estate contracts require a purchaser to pay an earnest money deposit at the time the contract is signed. If you are preparing or

Most real estate contracts require a purchaser to pay an earnest money deposit at the time the contract is signed. If you are preparing or reviewing a contract that provides for an earnest money deposit, what other contract provisions would you expect to see regarding the payment, use of and return of the earnest money deposit?

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The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.