What is a proof of deposit in a real estate transaction?

A proof of deposit in a real estate transaction is a document that confirms the buyer has made a financial commitment towards the purchase of a property, typically by providing a deposit or earnest money. This deposit serves as a sign of good faith, demonstrating the buyer's intent to move forward with the transaction. It is usually submitted alongside an offer for the property and helps reassure the seller that the buyer is serious.

The context surrounding the other options clarifies why they do not accurately define a proof of deposit. For instance, the record of the seller's earnings from the sale pertains to their financial gains and is unrelated to the buyer's deposit. Similarly, a document showing the property's appreciation value focuses on the increase in the property's market value over time, which does not provide evidence of the buyer's financial commitment. Lastly, a summary of the loan terms provided by the lender outlines the specifics of the financing arrangement but is distinctly different from a proof of deposit, as it does not indicate the buyer's immediate financial actions or intentions regarding the purchase.