Form to pay earnest money to someone 2026

1. Click ‘Get Form’ to open the Earnest Money Disbursement and Mutual Release form in the editor.
2. Begin by entering the property address in the designated field. This ensures clarity on which property the earnest money pertains to.
3. Fill in the names of the buyer(s) and seller(s) accurately. This is crucial for identifying all parties involved in the transaction.
4. Input the binding contract date, which is essential for establishing timelines related to the earnest money.
5. Specify the total earnest money amount in the appropriate field. Ensure this matches any prior agreements made.
6. Indicate who will hold the earnest money by filling out that section. This could be a broker or another designated party.
7. Review Section 7 regarding disbursement methods to understand how funds will be handled according to TREC rules.
8. In Section 23, specify how you want the earnest money disbursed, including amount, payee, and mailing address if applicable.
9. Finally, ensure all parties sign and date at the bottom of the form. This finalizes your agreement and makes it legally binding.

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