MSC-4050 REDLINE Mutual Release (of Earnest Money Deposit ...
Reference (e.g., Seller & Buyer)
Mutual Release This document has legal consequences. If you do not understand it, consult your attorney.
1 2 3
(“Listing
, (“Buyer”); , (“Seller”); Broker’s Firm
Name”); and 4 5 6
(“Cooperating Broker’s Firm Name”); enter this Mutual Release effective as of the date of the last signature below. The parties mutually agree as follows: 1. BACKGROUND: Buyer and Seller entered into a real estate sale contract dated ____________
7
(“Contract”) for
87
Seller’s property commonly described as (
“Contract”). 98 Buyer paid (“Escrow Agentee”) 109 $ _ in eEearnest mMmoney. The parties desire to acknowledge the termination of the Contract 1110 and to authorize the release of the eEearnest mMmoney. 11 12 12 13
2. RELEASE: Each party whose signature is affixed below hereby releases every other party whose signature is affixed below from all claims and demands relating to the Contract, and acknowledges the termination of the Contract. This Mutual Release is not binding on any person or party whose signature is not affixed below.
14
3. EARNEST MONEY: The parties authorize and direct the Escrow Agentee to disburse and/or apply funds from
14 15
the earnest money as follows:
16
TO: __________________________________________________________ ____________________________________
17
TO: __________________________________________________________
AMOUNT: ________________
18
TO: __________________________________________________________
AMOUNT: ________________
19
TO: __________________________________________________________
AMOUNT: ________________
20
TO: __________________________________________________________
AMOUNT: ________________
21 23 24
TO: __________________________________________________________
AMOUNT: ________________
187 198 2019 210 221
AMOUNT:
4. MISCELLANEOUS: This Mutual Release does not affect rights, claims, or defenses of any party against any person or party not executing this Mutual Release. This Mutual Release supersedes all prior negotiations and agreements between the parties hereto. The parties have made no representations, warranties or agreements other than those contained in this Mutual Release.
4. MISCELLANEOUS: This Mutual Release does not affect rights, claims, or defenses of any party against any 22 23 24 25
other third party not executing this Mutual Release. This Mutual Release supersedes all prior negotiations and agreements between the parties hereto. The parties have made no representations, warranties or agreements other than those contained in this Mutual Release.
25 26
SELLER
278
BUYER Date:
Date:
Date:
Date:
28 29 30 29 31
Date
Date
32 33 30
Listing Broker's Firm Name
Cooperating Broker's Firm name
LISTING BROKER
COOPERATING BROKER
31
By: _____________________________________
By: __________________________________________
32
Printed Name: ____________________________ ________________________________
Date
3433
Date: ____________________________________
Date: ________________________________________
Printed Name:
By
Date Approved by legal counsel for use exclusively by members of the Missouri REALTORS®, Columbia, Missouri. No warranty is made or implied as to the legal validity or adequacy of this Release, or that it complies in every respect with the law or that its use is appropriate for all situations. Local law, customs and practice, and differing circumstances in each transaction, may each dictate that amendments to this Release be made. Last revised 12/318/1602. ©20161990 Missouri REALTORS® MSC-4050
Page 1 of 1
Mutual Release This document has legal consequences. If you do not understand it, consult your attorney.
1 2 3
(“Listing
, (“Buyer”); , (“Seller”); Broker’s Firm
Name”); and 4 5 6
(“Cooperating Broker’s Firm Name”); enter this Mutual Release effective as of the date of the last signature below. The parties mutually agree as follows: 1. BACKGROUND: Buyer and Seller entered into a real estate sale contract dated ____________
7
(“Contract”) for
87
Seller’s property commonly described as (
“Contract”). 98 Buyer paid (“Escrow Agentee”) 109 $ _ in eEearnest mMmoney. The parties desire to acknowledge the termination of the Contract 1110 and to authorize the release of the eEearnest mMmoney. 11 12 12 13
2. RELEASE: Each party whose signature is affixed below hereby releases every other party whose signature is affixed below from all claims and demands relating to the Contract, and acknowledges the termination of the Contract. This Mutual Release is not binding on any person or party whose signature is not affixed below.
14
3. EARNEST MONEY: The parties authorize and direct the Escrow Agentee to disburse and/or apply funds from
14 15
the earnest money as follows:
16
TO: __________________________________________________________ ____________________________________
17
TO: __________________________________________________________
AMOUNT: ________________
18
TO: __________________________________________________________
AMOUNT: ________________
19
TO: __________________________________________________________
AMOUNT: ________________
20
TO: __________________________________________________________
AMOUNT: ________________
21 23 24
TO: __________________________________________________________
AMOUNT: ________________
187 198 2019 210 221
AMOUNT:
4. MISCELLANEOUS: This Mutual Release does not affect rights, claims, or defenses of any party against any person or party not executing this Mutual Release. This Mutual Release supersedes all prior negotiations and agreements between the parties hereto. The parties have made no representations, warranties or agreements other than those contained in this Mutual Release.
4. MISCELLANEOUS: This Mutual Release does not affect rights, claims, or defenses of any party against any 22 23 24 25
other third party not executing this Mutual Release. This Mutual Release supersedes all prior negotiations and agreements between the parties hereto. The parties have made no representations, warranties or agreements other than those contained in this Mutual Release.
25 26
SELLER
278
BUYER Date:
Date:
Date:
Date:
28 29 30 29 31
Date
Date
32 33 30
Listing Broker's Firm Name
Cooperating Broker's Firm name
LISTING BROKER
COOPERATING BROKER
31
By: _____________________________________
By: __________________________________________
32
Printed Name: ____________________________ ________________________________
Date
3433
Date: ____________________________________
Date: ________________________________________
Printed Name:
By
Date Approved by legal counsel for use exclusively by members of the Missouri REALTORS®, Columbia, Missouri. No warranty is made or implied as to the legal validity or adequacy of this Release, or that it complies in every respect with the law or that its use is appropriate for all situations. Local law, customs and practice, and differing circumstances in each transaction, may each dictate that amendments to this Release be made. Last revised 12/318/1602. ©20161990 Missouri REALTORS® MSC-4050
Page 1 of 1
