I am interested in putting an LOI for a business but the Seller's broker insists to use their "Offer to purchaser" format for submitting an offer which is very simplistic, requires earnest money deposit and prescribes a use of a particular closing attorney as a transactional attorney, cost of whom to be shared by the Buyer and the Seller equally. This attorney will be also be responsible for drafting up the purchase agreement. They insist that this is the only way they will let the transaction happen. Has anybody else had this situation? How can one negotiate out of earnest deposit and use of broker suggested attorney for closing?