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an agent must account for all money and property that comes to his or her possession typically what we are referencing is the earnest money deposit the earnest money deposit is what says that you are serious about your proposal to buy the property proposal what comes to mind when you think of the word proposal thats right marriage when a man proposes the love of his life the woman will not take him seriously without one special item of ring the womans eyes would roll as she would be thinking what a loser she would not take that offer seriously if that ring was not there but lets assume a ring was presented and the woman says yes now the couple is engaged in real estate terms we would say that we just entered escrow if the man turns out to be not what he says he is or if he does something to really upset his fiancee the engagement can be called off will he get his engagement ring back he could but it would be tough the point is that the earnest money deposit functions the same as an
