Why are there two earnest-money deposits on a deal?
Download MarkdownBecause a wholesale or double-close deal has two: the seller-side EMD you put up, and the buyer-side EMD your buyer puts up to you. Losing track of either is a common way deals fall apart.
Because a wholesale or double-close deal has two: the seller-side EMD you put up, and the buyer-side EMD your buyer puts up to you. Losing track of either is a common way deals fall apart.
They are tracked as two separate cards on the workfile Overview tab, each with its own amount, holder, deadline, and funded or received badge. The buyer-EMD gate is a hard gate in the deal ladder: the deal cannot advance through the buyer-EMD stage toward closed until it is satisfied. Enter each deposit's details and mark it received once it funds.
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- When does a transaction coordination workfile get created?Automatically. One workfile is created per property, the moment the deal exists (and by the time it is under contract), so coordination never depends on someone remembering to spin one up. You never create it by hand.
- What date should I enter first on a workfile?The ratification date, on the workfile's Overview tab. The deadline engine uses it to compute most task due dates, so setting it correctly puts the whole schedule on the right timeline.
- How do external emails to sellers and buyers get sent from a workfile?Never automatically. You trigger a one-click template, then a compose-before-send modal shows you the exact email with merge fields resolved, an editable subject and body, a fixed recipient, and a wire-fraud warning footer that is
- Does the AI contract audit change my contract data?No. The AI contract audit only fills fields that are still empty and flags mismatches for your review. It never overwrites a value you already entered.