HTML Preview Real Estate Contract Release Form page number 1.
This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission.
OREC Release of Contract and Disbursement of Earnest Money (3-2006)
In consideration of the mutual release of all parties to the Contract of Sale of Real Estate between the undersigned
Seller and undersigned Buyer dated _________________, relating to the real estate described therein, identied as:
the undersigned Seller, Buyer, Listing and Selling Broker hereby agree to mutually release each other from all
further obligation to buy, sell or exchange under the Contract and from all claims, demand, liabilities and losses each
may have against the other(s) by reason of this Contract. All rights and obligations under the Contract are null and
void.
The holder of the Earnest Money,_________________________________________________________________
is hereby instructed to disburse the Earnest Money in the sum of $________________ to _____________________
____________________________________________________________________________________________
___________________________________________________________________________ after all parties have
signed this Release of Contract.
Approved by Buyer dated____________________ Approved by Seller dated__________________________
__________________________________________ ________________________________________________
Buyer (Signature) Seller (Signature)
__________________________________________ ________________________________________________
Buyer (Signature) Seller (Signature)
Selling Broker: Listing Broker:
__________________________________________ ________________________________________________
By: ______________________________________ By: ____________________________________________
Broker, or Associate if Authorized Broker, or Associate if Authorized