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Commission authorizes release of $10,000 earnest money after RW Partners fails to meet contract terms
Summary
The Beaver County Commission approved cancellation of a real estate purchase contract with RW Partners and authorized release of $10,000 in earnest money held by the broker after the buyer failed to meet contract terms.
The commission considered canceling a real-estate purchase contract with RW Partners after the buyer failed to meet the agreed terms. Commissioner Tammy Pearson moved to authorize release of the buyer’s earnest money deposit; Commissioner Brandon Yardley seconded and the motion passed unanimously.
The authorized release directs county staff to sign the release of earnest money in the amount of $10,000 held with the real-estate broker. The minutes record the transaction as a formal county action resolving the contract matter.
