Anyone purchased an investment property from a realtor?

[LuckyTaxi]

Lady wants $1500 upon signing sales agreement. If i back out for some reason, I wonder if I'll get it back. I receive the fedex document after she left te office so i'll wait til tomorrow. My business partner states it will be placed in escrow (she did mention this), but you never know what happens between now and the closing date.

 

[Vic]

Earnest money placed in escrow until closing is typical when buying any real estate. $1500 seems a little high though.

 

[LuckyTaxi]

Yea - someone did tell me that was high, but i think with investment properties, the going rate is $1000. I just wanna know if I get it back if I back out of the deal for some odd reason.