While many closings are conducted as a live event in which both buyer and seller parties are present, a number of states have moved towards the practice of escrow closings as the primary mode of real estate transaction. Based on your understanding of an escrow closing, all of the following parties are able to be an escrow agent EXCEPT:
A) Bank
B) Attorney
C) Broker
D) Grantor / Grantee

Question

Quizplus · Accepted Answer

An escrow agent is a neutral third party who is responsible for holding all funds, documents, and other materials necessary for a real estate transaction until all conditions of the sale have been met. Typically, an escrow agent can be a bank, attorney, or broker. However, the grantor and grantee are the parties involved in the real estate transaction and cannot be the escrow agent.

While Many Closings Are Conducted as a Live Event in Which