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In this video, Annie Fitzsimmons, the Washington Realtors Legal Hotline lawyer, addresses experienced members regarding the outdated practice of using promissory notes for earnest money. She asserts that this method should be discontinued, explaining that some realtors justify it by citing buyers’ need for extra time to provide earnest money after mutual acceptance—allowing time to retrieve funds or wait for inspection contingencies. Fitzsimmons emphasizes that these delays do not necessitate promissory notes, suggesting that realtors should focus on more efficient practices.