Escrow & Title
What is the role of an escrow agent in a Nevada real estate transaction?
ATo represent the buyer's interests exclusively
BTo act as a neutral third party, holding funds and documents and following instructions of both parties to ensure all conditions are met before closing✓ Correct
CTo negotiate the final price between buyer and seller
DTo provide title insurance to the buyer
Explanation
The escrow agent (typically a licensed escrow company or title company in Nevada) is a neutral third party who holds funds (earnest money, loan proceeds, down payment) and documents, ensures all conditions of the sale are satisfied, and disburses funds at closing.
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