Quote:
Originally Posted by La lamy
Out of curiosity, can the buyer's deposit need to be returned if the inspection didn't show any issues, but the buyer just wanted to back out?
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That would usually be a breach of the contract. The seller can refuse to return the deposit and even sue the buyer. But, sometimes, it doesn't happen that way. Some listing contracts specify that the listing broker is entitled to half of an unreturned deposit, so the broker has some rights regarding whether the deposit is returned. Some brokers do not want bad publicity, so they will return the deposit, even though they are not legally required to do so.