Escrow & Title
What is the role of the escrow officer in a Nevada real estate transaction?
AThe escrow officer represents the buyer's interests exclusively
BThe escrow officer is a neutral third party who holds funds and documents and follows written instructions from both buyer and seller to close the transaction✓ Correct
CThe escrow officer sets the purchase price and closing date
DEscrow officers in Nevada are licensed real estate agents
Explanation
In Nevada, escrow officers are neutral third parties — typically from a title company or escrow company — who hold earnest money, documents, and closing funds. They disburse proceeds and transfer title only when all conditions of the purchase agreement are met.
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