What could a buyer do to ensure that the seller knows they are capable of completing the transaction?

Study for the Florida Real Estate License Renewal Test. Prepare with detailed scenarios and multiple choice questions offering explanations. Boost your confidence and ace the exam!

A pre-approval letter serves as a strong indication of a buyer's financial capability to complete a real estate transaction. This letter is typically issued by a lender after assessing the buyer's financial situation, which includes creditworthiness, income stability, and other relevant factors. By presenting this documentation, the buyer effectively demonstrates to the seller that they have the necessary financing in place, making them a more attractive and serious prospect.

The other options, while relevant to the transaction process, do not provide the same level of assurance to the seller. A verbal commitment lacks the substantiation needed to confirm a buyer's financial readiness. Similarly, an earnest money deposit shows intention and good faith but does not provide a clear picture of the buyer's overall financial foundation or capacity to secure a loan. Requesting a buyer's agent is important for representation in the transaction but does not directly communicate the buyer's financial ability to complete the purchase.

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