Escrow & Title
In an escrow closing, what triggers the disbursement of funds and recording of the deed?
AThe buyer's signature on the loan documents
BAll escrow conditions being satisfied (loan funding, documents executed, contingencies cleared)✓ Correct
CThe seller's receipt of the commission
DThe title company's issuance of the title insurance policy
Explanation
In escrow, the escrow agent releases funds and authorizes recording of the deed only when all conditions specified in the escrow instructions have been met: loan funds received, all documents signed and returned, and all contingencies cleared.
Related Arkansas Escrow & Title Questions
- Delivery and acceptance of a deed is significant because:
- The term 'wet closing' refers to a closing where:
- A real estate agent involved in a transaction should NOT handle closing funds because:
- The closing disclosure (CD) replaced which combination of prior forms under TRID?
- Under RESPA, a settlement service provider may NOT:
- Earnest money is typically applied at closing as:
- What is the primary purpose of a preliminary (pre-closing) title report?
- Which of the following correctly describes a 'tax deed' issued in Arkansas?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →