Escrow & Title
A Kentucky escrow agent holds funds and documents in a transaction for the benefit of:
AThe real estate broker
BBoth the buyer and the seller✓ Correct
CThe lender only
DThe title insurance company
Explanation
An escrow agent is a neutral third party who holds funds and documents on behalf of both the buyer and seller and disburses them according to the terms of the contract.
Related Kentucky Escrow & Title Questions
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