If a buyer gives a high earnest money deposit, what is the agent's primary responsibility?

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When a buyer provides a high earnest money deposit, the agent's primary responsibility is to inform the seller of potential risks associated with that deposit. A larger earnest money deposit can indicate a serious buyer, but it also comes with implications for both parties. The agent must communicate to the seller that a high deposit could involve certain risks, such as the buyer's commitment level or the implications if the transaction were to fall through. This ensures that the seller understands the dynamics at play and can assess the reliability of the offer being presented.

In this context, the other options do not address the agent's main duty concerning the earnest money deposit. Ensuring a prompt closing, while important, does not directly relate to the implications of a high earnest money deposit. Writing the offer with reservations focuses on how the offer is presented rather than the responsibilities surrounding the deposit itself. Similarly, negotiating a better price is a typical negotiation tactic but does not take precedence in addressing the implications of a significant earnest money deposit. Thereby, informing the seller about potential risks aligns with the agent’s role in representing the interests of both parties effectively.

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