Real Estate Earnest Money Agreement
"This is an agreement between two parties that have already entered into a purchase-sale agreement for certain real estate. This particular agreement is a side agreement whereby the buyer provides earnest money, or a deposit, to demonstrate their willingness to enter into the transaction. The seller holds the earnest money in an escrow account until closing and will then apply the earnest money to the balance of the real estate transaction. The original purchase-sale agreement between the parties should be attached to this agreement under 'Exhibit A.' This agreement can be used by individuals or entities that have just entered into a real estate transaction but want to provide more security by depositing earnest money.
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