Can a real-estate keep money for a month without interest?

  1. Damodar Bashyal profile image68
    Damodar Bashyalposted 5 years ago

    Can a real-estate keep money for a month without interest?

    We had given large sum for house deposit, settlement was today after 1 month, my solicitor says ask for interest with them. But real estate says they didn't invest my money or put in account where they get interest. Is it possible, because there is some interest in every deposit.

  2. Connie Smith profile image87
    Connie Smithposted 5 years ago

    When asking real estate questions or giving answers, it is extremely important to be very specific about the location.  That is because real estate laws differ greatly from state to state in the US and even more so in other countries, such as Australia.  Please make sure that the person who answers this question for you is answering for the area you bought your home in.  For the most accurate answer, you should consult a real estate attorney.

    1. MarleneB profile image97
      MarleneBposted 5 years agoin reply to this

      Ditto! This is an excellent answer, especially about consulting with a real estate attorney, or in California, consumers can refer to the California Department of Realtors.