In all transactions a Confirmation of Earnest Money Receipt shall be obtained and submitted with the file for review. The receipt must include at a minimum the following:
1. Subject Property Address
2. Buyers Name(s)
3. Sellers Name(s)
4. Agency Identification for both buyer and seller including agents name(s) and Brokerage
5. Date/Time received
6. Amount received
7. Type of deposit received, i.e. check, cashiers check, wire transfer etc.
8. Name and position of recipient
9. Signature of recipient
Q: What if I represent the seller and the buyers agent won’t provide a confirmation of receipt, or it was deposited at a title company and they won’t provide a receipt but they did provide a copy of the check?
A. Agents shall make all reasonable attempts to collect the Earnest Money Receipts. This should not be a problem with a Title Co. However if another agent refuses to provide the Receipt, Agents can make the request from the other Agents Broker.