Question

If there is no dispute over the return of the earnest money deposit to the buyer, when may the Designated Broker distribute the money?

Answer 1

If there is no dispute over the return of the earnest money deposit, the Designated Broker can distribute the money once all parties sign the release of earnest money form.

Step-by-step explanation:

If there is no dispute over the return of the earnest money deposit to the buyer, the Designated Broker may distribute the money as soon as all parties have signed the release of earnest money form. The release of earnest money form confirms that all parties agree on the return of the deposit.