Escrow & Title
In a Montana real estate closing, the escrow agent's primary responsibility is to:
ARepresent the buyer's interests throughout the transaction
BImpartially hold and disburse funds and documents according to closing instructions✓ Correct
CNegotiate the final purchase price between buyer and seller
DConduct the home inspection and report findings
Explanation
An escrow agent is a neutral third party who holds funds and documents and disburses them according to the written escrow instructions agreed upon by buyer and seller.
Related Montana Escrow & Title Questions
- In Montana, a 'preliminary title report' or 'title commitment' is issued by a title company to:
- In Montana, 'title by adverse possession' differs from title obtained by deed in that the adverse possessor:
- A mechanic's lien in Montana is filed by:
- In Montana, a 'commitment for title insurance' will list specific 'Schedule B' exceptions, which are:
- In Montana, a 'subordination clause' in a mortgage or deed of trust allows:
- A 'cloud on title' refers to:
- Title insurance protects the policyholder against:
- In Montana, the 'closing' or 'settlement' of a real estate transaction involves:
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