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In this video, Annie Fitzsimmons, a Washington Realtors Legal Hotline lawyer, addresses experienced members regarding the outdated practice of using promissory notes for earnest money in real estate transactions. She advises against this practice, highlighting that many agents justify its use by claiming buyers need more time to provide earnest money after mutual acceptance. Fitzsimmons argues that this delay often stems from buyers wanting to wait for inspection contingencies or other reasons. She emphasizes that the reliance on promissory notes is unnecessary and suggests that agents should discontinue this approach altogether.