I am still new to Deans program and have submitted 15 bids thru one realtor in California. We sat down to go over the contracts so she new I understood the contracts. During our conversation covering the contracts she told me that the industry was going with electronic Ernst deposits where they fiscally withdraw the deposit from your account. No problem if only 2 or 3 bids get accepted but if 6 or 7 are accepted there will be a problem. Has any one else run into this? Spoke to a mentor and they suggested checking to see what other options for Ernst money I have. This is a gathering info mode so I do not look like a dummy when I speak with her about this again. This is not law just what the industry is leaning towards heavily.
I am still new to Deans program and have submitted 15 bids thru one realtor in California. We sat down to go over the contracts so she new I understood the contracts. During our conversation covering the contracts she told me that the industry was going with electronic Ernst deposits where they fiscally withdraw the deposit from your account. No problem if only 2 or 3 bids get accepted but if 6 or 7 are accepted there will be a problem. Has any one else run into this? Spoke to a mentor and they suggested checking to see what other options for Ernst money I have. This is a gathering info mode so I do not look like a dummy when I speak with her about this again. This is not law just what the industry is leaning towards heavily.
Thanks,
jrluff