Escrow & Title
In Montana, a buyer's escrow deposit is held by a neutral third party to:
AEarn interest for the escrow company
BEnsure the funds are available for disbursement according to the terms of the purchase agreement at closing✓ Correct
CPay the real estate commission before closing
DAllow the lender to verify the buyer's assets
Explanation
Escrow is a neutral holding arrangement where the buyer's earnest money deposit is held by a third party (title company, escrow company, or broker's trust account) to be disbursed according to the purchase agreement terms at closing or in case of cancellation.
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