Earnest Money Release Revolution: The 2017 Colorado Real Estate Commission Approved Earnest Money Release form no longer has an automatic release.
2/27/17: Earnest Money Release Revolution. Prior to 2017 the Colorado Real Estate Commission Approved Earnest Money Release form essentially provided for a full release between the buyer and the seller (if both sides signed the earnest money release) subject to a few intuitive exceptions. The 2017 form no longer has an automatic release. Now the party who fills out the form first must choose between the old system or giving buyer and seller the ability to go after the other side (even though buyer and seller agree on how the earnest money should be refunded.) Watch the video and hear about the type of deals where this change can help and hear examples actual problems and feared mischief.