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Pulgini & Norton`s Boston real estate lawyers understand the rules applicable to serious money deposits and can advise buyers and sellers in this process. These include maintaining insurance and maintaining the land until conclusion, obtaining a smoke and carbon monoxide certificate at the time of conclusion, paying the brokerage commission, obtaining a certificate 6 (d) for a condominium and the obligation to pay taxes by the seller until the closing date (by adapting the HUD billing declaration). The agreement also provides that the seller`s representative (either the broker or the lawyer) maintains the buyer`s accounting on a fiduciary account. The deposit binds you to the property. .