Both the buyer and the seller must sign the escrow instructions for it to be valid.
Correct Answer:
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Q19: An escrow agent's authority is limited to
Q20: Escrow instructions are a contract between buyer,
Q21: RESPA does not apply to residential refinancings.
Q22: RESPA prohibits accepting kickbacks for business referrals.
Q23: Penalties for receiving kickbacks under RESPA is
Q25: The buyer is not entitled to a
Q26: The Patriot Act applies to escrow agents
Q27: Once an escrow is opened, it cannot
Q28: POC is an acronym for "paid on
Q29: Yield spread premiums are illegal under RESPA.
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