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Laws Of Agency Fiduciary DutiesAgency_and_fiduciary_dutiesHARD

Without being licensed as an escrow officer, a broker may not handle escrow activities when they:

Correct Answer

C) act as the principal.

Escrow closes when all conditions are met and documents are recorded.

Answer Options
A
represent the buyer.
B
represent the seller.
C
act as the principal.
D
are not otherwise involved in a transaction.
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Related Topics & Key Terms

Related Topics:

escrow-licensing-requirementsbroker-role-limitationsagency-relationships

Key Terms:

California Escrow Lawbroker exemptionFinancial Code 17006principal vs agentescrow license
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