Transfer of PropertyQuestion 92 of 120
An escrow holder in a California real estate transaction acts as a:
a.Agent for the buyer only
b.Agent for the seller only
c.Real estate broker
d.Neutral third party for both parties
Explanation
The escrow holder is a neutral, disinterested third party that holds documents and funds and carries out the parties' mutual written instructions. It must follow the escrow instructions strictly and impartially. Escrow closes when all conditions are met.
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