A deposit is the money you submit during the offer process when trying to secure a property you want to buy.

It is Typically 5% of The Purchase Price.

 It could be More When in Multiple Offer Situation Which will Make the Offer more Appealing and Shows seller More Motivation & Seriousness.

It should be Sent to The Listing Brokerage by either Wire Transfer or Bank Draft within 24 hours of The Acceptance of The Offer.

Deposit is held in a trust Account which is highly regulated.