If a buyer is entitled to terminate a Contract to Buy and Sell Real Estate and does so, the seller must: deliver the earnest money deposit to the buyer within ten days of receiving the notice of termination.

turn the earnest money deposit over to a court to determine how the funds should be distributed.

instruct the party holding the earnest money to hold the funds until the five-day termination rescission deadline has been passed.

execute an Earnest Money Release Form and give it to the buyer , along with the earnest money, within three days after receiving notice of termination.