Who requests the earnest money release prior to closing?

In a real estate transaction, the listing agent is typically the individual who requests the earnest money release prior to closing. The earnest money serves as a deposit that shows the buyer's serious intent to purchase the property. Once all contingencies in the contract are satisfied, or if there is mutual agreement between the buyer and the seller on the release, the listing agent takes on the responsibility of formally requesting the release of these funds from the escrow or title company.

This is an essential step because it ensures that the earnest money is disbursed according to the terms established in the contract, and having the listing agent request the release helps streamline communication between parties. The buyer's agent may have an interest in the process, but it is the listing agent who typically initiates the request for the release, reflecting their role in the transaction as the representative for the seller.