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In this video, Annie Fitzsimmons, a Washington Realtors Legal Hotline lawyer, addresses seasoned realtors about the outdated practice of using promissory notes for earnest money. She encourages them to move away from this method, explaining that some realtors rely on promissory notes because buyers may need extra time—typically three to five days—to provide earnest money after mutual acceptance. This delay could be due to relocating funds, or waiting for inspection contingencies to be resolved. Fitzsimmons emphasizes that prompt earnest money deposits should be prioritized, suggesting that the reliance on promissory notes is unnecessary.