Who can provide a mutual termination form for both parties regarding earnest money?

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The title company is well-positioned to provide a mutual termination form for both parties concerning earnest money due to its role in the real estate transaction process. Title companies act as neutral third parties responsible for handling various aspects of the closing process, which includes the management of earnest money deposits. When issues arise that necessitate the termination of an agreement, the title company can prepare and facilitate the necessary forms, ensuring that the release of funds aligns with the contractual obligations of both parties involved in the transaction.

In contrast, while realtors and brokerage firms play important roles in real estate transactions, they typically do not have the authority to release earnest money without the consent of both parties. An escrow officer, while also involved in handling earnest money, usually works under the umbrella of the title company and may not directly provide termination forms independently. This underscores why the title company is the correct source for such documentation, as it integrates both authority and expertise in handling earnest money matters.

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