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What is token amount?

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0 2023-09-26T23:15:44+00:00
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Hello. Let me help you to learn about the meaning of token amount. The token amount can be understood as an advance payment made towards the purchase of a real estate property. This is considered as an assurance for the transaction process. In general, this is used as a term when the amount is given as a small part of a payment to any vendor by the customer.

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2 2024-01-16T12:51:24+00:00
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But the process for a resale through Nobroker is nuts! They ask for EOI/earnest amount deposited to nobroker's account only from the buyer & just a mail confirmation from seller. In this case, there's no receipt from seller & he may back out of the transaction anytime before the "sale agreement". Buyer is offered no protection.  Nobroker fellows just don't understand this part!!

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