Escrow & Title
In California, who may act as an escrow holder in a real estate transaction?
AAny licensed real estate agent
BLicensed escrow companies, title companies, banks, savings associations, and attorneys (in certain situations)✓ Correct
COnly title companies
DOnly banks and savings institutions
Explanation
In California, entities licensed by the Department of Financial Protection and Innovation (DFPI) as escrow companies, licensed title insurers, banks, savings associations, and attorneys (under limited circumstances) may conduct escrow activities.
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