I was influenced by the many posts on whether an investor benefits from getting a brokers license and recently completed the classes and state/national exams.

Hopefully, BP Nation will get a taste of some profit via donation.

I wanted to thank the "BP Nation" for all the advise.

An actual earnest money deposit is NOT a requirement of valid consideration or a valid contract.I believe, but have absolutely no evidence, that this is a national courts interpretation/decision or a generally accepted interpretation of contract law because of how similarly I've seen it phrased in different states.Not to say that there aren't states that interpret it differently, but the dozen or so I have researched are all the same.In Texas at the least, I have had this discussion with several very well qualified attorneys, and they all agree that earnest money is NOT required for a valid and enforceable contract in Texas.

Welcome to BP Nation Dovid.

Welcome to BP Nation, home to the truth about investing in real estate.

Also, I'd guess some residents, especially women, would desire a deadbolt lock.

I'm sure it will be $5 per gal in California ... it probably already is $5 in Hawai'i.I would take the "short" bet on the National Avg hitting $5 for more than 2 weeks this year ... but I would not bet much.

Lets grow BP Nation.

That's a tough one to swallow[b]Women lie, men lie, numbers dont...