So, in real estate contracts, there is no receipt, but there are some assurances in place to help submit an offer and make it a little more serious. There are the sections called the Earnest Money and Non-Refundable Deposit sections.
Those cover money that's paid before closing, held in a separate place. And that way, if there's any discrepancies on someone trying to back out of this contract, that money can be up for grabs by the innocent party.
So, if you're looking at adding some meat to your contract, or if you're looking to make sure that you are protected from something backing away, check into a non-refundable deposit or earnest money.
