Which document should indicate where the deposit is placed?

The document that should indicate where the deposit is placed is the sales contract. This contract is a legally binding agreement between the buyer and seller outlining the terms of the sale. It typically includes details such as the purchase price, contingencies, and the handling of the deposit.

In a sales contract, there is often a specific section dedicated to the deposit, which explains how much the deposit is, where it will be held (such as in an escrow account), and the conditions under which it can be returned or forfeited. This information is crucial for both parties, as it provides clarity about the financial commitment being made and the security of the funds involved in the transaction.

Other documents, while related to the real estate transaction, do not typically contain this specific information. The escrow agreement might detail the responsibilities and terms of how the escrow funds are managed, but it does not usually serve as the primary document to convey where a deposit is placed. The purchase agreement is synonymous with the sales contract in some contexts, but specifically, the term "sales contract" is more commonly used in practice to refer to the overall transaction framework. The financing agreement pertains to the loan arrangement rather than the deposit details. Thus, the sales contract is the appropriate choice for indicating where the