This is often done with no
regard to your financial interest and potential for losing your hard earned
earnest money deposit while in escrow if your loan will not approve.
In response to the comments
regarding the real estate brokerage commissions, the Bureau also is adopting comment 38 (g)(4)-4 to clarify that the total amount of the real estate commission charged by any real estate brokerage must be disclosed under § 1026.38 (g)(4), regardless of the identity of the party that may hold any
earnest money deposit.
For example, Move does not hold or deliver keys to apartments or homes, does not offer payment protection, does not certify apartments, complexes or homes, does not verify or certify that persons you are dealing with are legitimate, does not offer to hold
deposits,
earnest money, down - payments or other funds, does not offer escrow services and does not offer assurances or other guarantees
regarding particular apartments, homes or related transactions.