Is it common practice to require escrow money for a LOI?

[Ernie Sturzinger]

Hey team! I am doing LOI for 12-unit commercial property. They want escrow money at 2% of asking to submit a LOI. Is this normal? FYI. This is my first commercial property I am pursuing. We didn't do a LOI with my other 3-unit property, just the written offer. I feel like LOI shouldn't require any money up front, but not sure on this. Quick background, the reason we are doing a LOI is because seller agent said to get more information about the property we needed to do this. Any feedback is appreciated. Thanks,