Escrow & Title
In an escrow, the escrow agent's primary duty is to:
AAdvocate for the buyer's interests
BFollow the written escrow instructions of both parties impartially✓ Correct
CMaximize the seller's net proceeds
DNegotiate the best terms for the transaction
Explanation
The escrow agent is a neutral third party who holds funds and documents and disburses them only according to the written instructions of both parties when all conditions are satisfied.
Related Arkansas Escrow & Title Questions
- A title attorney's opinion in Arkansas is based on:
- A buyer's closing costs typically include which of the following?
- A deed recorded in the county recorder's office provides:
- The right of redemption allows a defaulting borrower to:
- A satisfaction of mortgage (release of lien) is recorded when:
- A 'cloud on title' can be cleared through:
- Title insurance protects against:
- Lis pendens means:
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