Which of the following is not likely to function as an escrow agent in a sale of real property?

Question

Quizplus · Accepted Answer

Escrow agents are typically neutral third parties responsible for holding funds or documents until certain conditions are met in transactions, such as the sale of real estate. Title companies, banks, and special escrow companies commonly serve as escrow agents because they have the necessary infrastructure and regulatory approval to hold and manage escrow accounts. Paralegals, however, do not typically serve as escrow agents because they work under the supervision of attorneys and do not independently hold or manage escrow accounts.

Which of the Following Is Not Likely to Function as an Escrow