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Continuing yesterday’s story, here are the practical lessons: 1. Earnest Money: Size Matters There’s no fixed legal rule on how much earnest money should be. In institutional deals, 10% of the purchase price is common. But in private transactions between individuals, the absolute amount may matter more than the percentage. The larger the earnest money, the larger the risk if something goes wrong. Its purpose is to show commitment — not to create financial damage. Sometimes, a