Create, sign, and download your earnest money agreement, a legal document that binds two parties during the purchase and sale of a property. Secure your real estate transaction with an earnest money promissory note.Create and download a promissory note for free! In the event Buyers are unable to receive this money from. Earnest money is refundable if something causes the deal to fall through. For example, the home inspection finds major structural issues. In this video I'm going to do the boring thing and show you exactly how to fill these documents out. Get an overview of what real estate agents and their clients should know about earnest money and how it impacts the real estate transaction. Example A: the buyer offers a purchase price that is accepted. Earnest money deposits are usually made through a personal check to the real estate agent or title company.