By when must earnest money be deposited to comply with standard real estate practice?

The requirement to deposit earnest money by the second working day is aligned with standard real estate practices in Texas, as outlined by the Texas Real Estate Commission (TREC). This timeline is designed to ensure that the earnest money is promptly secured after the acceptance of an offer, reinforcing the seriousness of the buyer's intent to purchase the property.

Having this clear deadline helps to protect both the buyer and seller. For the buyer, it shows commitment to the transaction, while for the seller, it assures them that the buyer is taking steps to follow through. Consequently, adhering to this two-day period is crucial in maintaining professionalism and trust in real estate transactions. This practice fosters an orderly process, preventing unnecessary delays that might arise from late deposits.