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Get And Sign Security Benefit Outgoing Funds Request Form 2012-2021

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hi I'm Annie Fitzsimmons I'm your Washington Realtors Legal Hotline lawyer and today's video is another in our continuing series entitled fundamentals you should know today I want to talk about a frustration that brokers often have and it's not actually surprising at all when they timely and properly terminate a purchase and sale agreement using a contingency benefiting a buyer a contingency provided through the state white forum system and take that termination notice to escrow asking for a release of the earnest money only to hear escrow respond with something along the lines of we can't release earnest money until you bring us a rescission agreement frustrating to brokers because brokers are reading the boilerplate language on the statewide form contingency form and the language says for example with respect to the inspection contingency that the purchase and sale agreement on the 3435 our purchase and sale agreement is terminated and the earnest money shall be returned to buyer buy

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