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TXR 1904 — Release of Earnest Money

This form serves a dual purpose: (1) it releases the buyer, seller, brokers, title company, and escrow agent from ALL liability under the contract -- not just earnest money claims, and (2) it directs the escrow agent to disburse the earnest money to specified parties in specified amounts. It is the

Source: TXR
Form Number: 1904
Category: Other
Revised: February 6, 2002

Used For

Residential Sales, Commercial Sales, Farm & Ranch, Vacant Land

Form Outline

The TXR 1904 form is organized into the following sections:

  1. Header and Property Identification
    Identifies the property address that connects this release to the underlying purchase contract. The property address must exactly match the contract.
  2. Notice / Warning
    A prominent warning that signing this form constitutes a full mutual release of all liability under the contract for all signing parties. Parties are advised to consult an attorney before signing if they have any questions.
  3. Mutual Release of Liability
    Establishes the mutual release where buyer and seller release each other and all transaction professionals (brokers, title company, escrow agent) from any and all liability arising from the contract.
  4. Earnest Money Disbursement Instructions
    Directs the named escrow agent to disburse the earnest money according to specified dollar amounts and recipients. Provides up to four disbursement line items for splitting funds among parties.
  5. Signature Block
    Provides signature lines for all parties: up to two buyers, two sellers, the cooperating broker, and the listing broker. Each signature includes a date line and address.

How RaiderX Agents Use This Form

When you upload a signed TXR 1904 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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