"The earnest money agreement form is a preliminary agreement setting down terms the buyer for the purchase of the property and the seller's subsequent acceptance of the terms. Usually this offer is accompanied by a sum of money described as earnest money. When the buyer presents the earnest money agreement including the earnest money to the seller and the seller subsequently accepts the offer,
. the buyer has secured the right to purchased the real estate upon terms for a limited period. Here is a website that can be very helpful.http://www.squidoo.com/earnest_money_agreement"