Get Notice B Authorization To Release Earnest Money

Filling out the NOTICE B AUTHORIZATION TO RELEASE EARNEST MONEY is an essential step in the process of refunding earnest money connected to real estate transactions. This guide provides clear, step-by-step instructions to help you complete the form accurately and efficiently.

Follow the steps to fill out the NOTICE B form correctly.

1. Click 'Get Form' button to obtain the form and open it in the online editor.
2. Start by entering the date of the real estate contract in the designated field. This date is usually found at the top of the contract.
3. In the section for property details, provide the common name of the property along with its address, including the street, city, and Illinois ZIP code.
4. Indicate the names of the Seller and Purchaser in the appropriate fields. Ensure that they are spelled correctly and match the names on the original contract.
5. Confirm that both parties agree the contract is null and void, allowing for the release of any earnest money. This acknowledgment typically comes after the parties’ agreement to return the funds.
6. Authorize the escrow agent to release the earnest money to the Purchaser(s) by confirming that the details are accurate.
7. Have the Seller and Purchaser sign and date the form in the designated signature fields. Each party must provide their signature for the form to be valid.
8. Next, input the names of the Brokers involved in the transaction, if applicable, and ensure each broker also acknowledges their waiver of commission by signing and dating the form.
9. Finally, review all provided information for accuracy. Once satisfied, you can save changes, download, print, or share the completed form.

Complete your documentation online to ensure a smooth transaction process.