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Release of Earnest Money Form

A release of earnest money form is a waiver signed by a buyer and seller to release an earnest money deposit towards a property. If the property fails to pass agreed-upon inspections, the buyer is entitled to having the deposit returned. Most states require the earnest money to be held in an escrow account.
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Updated December 03, 2024

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Handling Disputes

If the buyer and seller disagree on who is entitled to the earnest money, it is up to the local court. The agent or third (3rd) party holding the money shall be prohibited from releasing the funds until both parties agree or the local court administers a judgment.

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