My main focus is to show you car forms and how to get into that system and how to create a transaction. Create, sign, and download your earnest money agreement, a legal document that binds two parties during the purchase and sale of a property.You'll need to sign a residential purchase agreement, make an offer, possibly put down a deposit, conduct inspections and close the sale. Failure to Close Escrow; Forfeiture of Earnest Money Deposit. In the event escrow does not close due to Buyer's actions, Buyer shall forfeit the Earnest Money. The Earnest Money Deposit, or EMD, is the amount of money that a buyer pays toward the purchase of the home to take it off the market. An Earnest Money Agreement is a great way for a potential buyer or renter of real estate to show that he or she is serious about purchasing or renting. To fill out this receipt, gather all necessary information regarding the transaction. Ensure that both the buyer and seller details are accurately provided. In the event Buyers are unable to receive this money from.