A deposit is a sum of money that is paid in advance as a guarantee or as a show of good faith. Deposits are commonly used in real estate transactions, and they may be required by a seller in order to hold a property or by a lender in order to secure a loan. Deposits may be refundable or non-refundable, depending on the terms of the agreement, and they may be applied to the purchase price or other fees at the time of closing.

Real Estate Glossary | What is Deposit??

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Beycome Corp. works with real estate brokerages licensed to do business in multiple states across the country. Beycome Brokerage Realty LLC d/b/a beycome.com is a real estate brokerage licensed to do business in AL, GA, IL, MI, MN, NC, SC and TX. Beycome of Florida LLC d/b/a beycome.com is a real estate brokerage licensed to do business in Fl. Beycome of Connecticut LLC d/b/a beycome.com is a real estate brokerage licensed to do business in CT. A list of our licenses is available here.

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