In a cash purchase of property, what would be the total cash used by the buyer when the earnest money is included?

In a cash purchase of property, the total cash used by the buyer encompasses not only the earnest money but also any associated costs that may arise in the transaction, which can include loan fees if applicable. Although the question specifies a cash purchase, it is pertinent to mention that sometimes there may be ancillary costs involved.

In this instance, "earnest money" refers to a deposit made to demonstrate the buyer's serious intent to purchase. When calculating the total cash required, the earnest money is an essential component as it contributes toward the total price of the property. However, in a cash transaction, the buyer is typically expected to pay the full price of the property along with any additional charges, which may also include typical loan fees, despite not securing a loan.

Thus, to fully understand the financial commitment in a cash purchase, one must consider both the earnest money and any loan-related fees that could be incurred, leading to the conclusion that the total cash utilized by the buyer is indeed the sum of these amounts, clarifying option B as the accurate choice.