Escrow & Title
Oregon uses escrow/closing agents (often title companies or escrow companies) to handle real estate closings. These agents have fiduciary duties to:
AOnly the buyer
BOnly the seller
COnly the lender providing the purchase money mortgage
DAll parties to the transaction — buyer, seller, and lender✓ Correct
Explanation
An escrow agent serves as a neutral fiduciary for all parties — buyer, seller, and lender. The escrow agent must follow the written escrow instructions from all parties, hold funds and documents safely, disburse funds only when all conditions are met, and ensure a proper closing.
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