Back to Home

Transaction Data Sheet – Release Of Earnest Money

Dear Member:

99% of all problems in the real estate business involve escrow funds of buyers and sellers. More disputes are generated from you and I being the "Holder" of earnest money funds with our day to day transactions.

You will receive a carbon copy of what you submitted here regarding this transaction. It can take up to 48 hours to process your request for this earnest money release.

This area is to submit a request to release earnest money that is NOT a closing.

Please note the following:

1. ELECTRONIC SUBMISSION - All release of earnest money requests must be submitted electronically via this area of the web site.

2. CALLING OF CORPORATE OFFICE EMPLOYEES - Do not call any Corporate Office employees initially regarding the release of earnest money funds. Your submitted information will be delivered to the Broker and instructions will be generated. You will be notified via e mail or the internal Responsibility Manager regarding the next step.

3. EXECUTED TERMINATION & RELEASE BY PRINCIPALS - If a non hostile release, Buyer and Seller must have executed and accepted a Termination and Release agreement.

4. EARNEST MONEY TO CLOSING ATTORNEY PRIOR TO CLOSING DATE – An amendment will need to be generated by the agents with the buyer and seller’s signatues to authorize the release of any earnest money funds.

5. FEE – The Corporate Office may have a fee for this release. Please view the “Published Fees – Corporate” area of the home page.

6. FLOAT – If you submitted earnest money in NON certified funds, the Corporate Office may have to wait until enough time has elapsed to disperse the funds in question to the buyer, seller or other entity involved.

7. SIGNATURES OF PRINCIPALS – Any release documents must have buyer and seller signatures to process a release. If one of the principals gives you as agent authority to sign the release, proper state documentation will need to be presented to the Corporate Office. For example, a power of attorney. Please proceed to complete the below questions so this transaction can be processed.

Lastly, for final processing:

1. COMPLETE ALL BELOW FIELDS - You will need to complete ALL fields 100% to process this request.

2. SUBMIT - Submit the Termination and Release agreeement signed by all parties below via e mail in the up load area below as an Adobe/PDF or JPG file. OR FAX this document after you click on "UPDATE" and the termination and release to FAX # 888-442-6377 or 800-848-2175. This document will e mail to your in box. For any and all questions, please consult with your Manager or submit a question on line at www.propertysystems.com under "Broker On Duty".

Thank you.

Reese Freyer
Property Systems Corporate Office

Today's Date: 8/16/2017

Enter E Mail Address’ Here For A Carbon Copy Of This Transmittal:
(SEND TO BUYER, SELLER, ATTORNEY, ETC) Place Commas In Between E Mail Address’ name@email.com, name2@email.com:
This earnest money release is: situation.
 Earnest Money Amount:
 Earnest Money Check Is Mailed To This Person And Address:
I have a termination and release signed by the buyer and seller?

 If YES, please upload to the web site below and submit to the Corporate Office.

The buyer and seller cannot agree on a settlement of the earnest money. I need the Corporate Office to step in and attempt to settle the problem:
Date Earnest Money Was Submitted To Corporate:
<August 2017>
SunMonTueWedThuFriSat
303112345
6789101112
13141516171819
20212223242526
272829303112
3456789
Disperse Earnest Money To:
 My Name:

 My Email Address:

My Manager Is:
My Manager's Email Address Is:
Acceptance/Binding Agreement Date of Agreement:
Proposed Closing Date:
<August 2017>
SunMonTueWedThuFriSat
303112345
6789101112
13141516171819
20212223242526
272829303112
3456789

I am submiiting all documents via:

Attachment:
Subject Property Address 1:
Subject Property Address 2:
Subject Property City:
Subject Property State:
Subject Property Zip Code:
Property Systems needs to release these funds to:
Summary / Scenario of Situation
If you are not representing one of the parties, you can place the principal’s name and C/O: the real estate organization representing that party.
Seller
Name:
Address 1:
Address 2:
City:
State:
Zip Code:
Contact Information:
Buyer
Name:
Address 1:
Address 2:
City:
State:
Zip Code:
Contact Information:
Listing Agent
Name:
Address 1:
Address 2:
City:
State:
Zip Code:
Contact Information:
Listing Broker's Manager
Name:
Address 1:
Address 2:
City:
State:
Zip Code:
Contact Information:
Seling Agent
Name:
Address 1:
Address 2:
City:
State:
Zip Code:
Contact Information:
Selling Broker's Manager
Name:
Address 1:
Address 2:
City:
State:
Zip Code:
Contact Information:
NOTE: EFAX (.efx) documents will not be accepted for upload.
You must convert these files to PDF (.pdf) documents.