Escrow & Title
The escrow process in a real estate transaction serves to:
AProvide financing to the buyer
BEnsure both parties' conditions are met before transferring funds and title✓ Correct
CGuarantee the property passes a home inspection
DDetermine the final sales price
Explanation
Escrow is a neutral third-party process ensuring that all conditions of the transaction are met before funds and title are transferred. The escrow agent holds documents and funds until all conditions are satisfied.
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