ContractsEarnest_money_and_escrowEASY
An escrow agent receives closing documents and funds from both parties. When does the escrow agent typically release the documents and disburse funds?
Correct Answer
A) Only when all conditions in the escrow instructions have been met
An escrow agent releases documents and disburses funds only when all conditions specified in the escrow instructions have been satisfied.
Answer Options
A
Only when all conditions in the escrow instructions have been metB
Whenever the escrow agent decidesC
Only if the seller requests itD
Within 24 hours regardless of conditionsWhy This Is the Correct Answer
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Key Terms:
earnest_money_and_escrowcontractsescrowconditions
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