Documentation for Real Estate Transaction Standard (RETS)
Definition Type: Element
Name: EarnestMoney
Namespace: http://rets.org/xsd/RETSCommons/2007-08
Type: commons:SecureMoney
Containing Schema: Financial.xsd
MinOccurs 0
MaxOccurs 1
Abstract
Documentation:
Money used to bind the sales agreement. Also known as Deposit money, although deposit money connotes refundability while earnest money is typically non-refundable.
Collapse XSD Schema Diagram:
Drilldown into currencyCode in schema primitives_xsd Drilldown into isgSecurityClass in schema primitives_xsd Drilldown into SecureMoney in schema primitives_xsdXSD Diagram of EarnestMoney in schema financial_xsd (Real Estate Transaction Standard (RETS))
Collapse XSD Schema Code: 
<xs:element name="EarnestMoney" type="commons:SecureMoney" minOccurs="0" maxOccurs="1">
    <xs:annotation>
        <xs:documentation>
						Money used to bind the sales agreement.
						Also known as Deposit money,
						although deposit money connotes
						refundability while earnest money
						is typically non-refundable.
					</xs:documentation>
        <xs:appinfo>
            <retsid>100154</retsid>
            <example>25000</example>
        </xs:appinfo>
    </xs:annotation>
</xs:element>
Collapse Child Attributes:
Name Type Default Value Use
isgSecurityClass commons:isgSecurityClass Required
currencyCode commons:currencyCode Optional
Collapse Derivation Tree:
Documentation for Real Estate Transaction Standard (RETS)

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