A[n] ________ account is an account maintained by a neutral third party into which a deposit on property is placed until all necessary steps for a transfer of property can be made.
A)Escrow
B)Closing
C)Back-up
D)Accountable
E)Earnest

Question

Quizplus · Accepted Answer

A)A contract generally requires that the buyer put a deposit in an escrow account
maintained by a neutral third party until all the preliminary steps to the transfer can be made.
B)A contract generally requires that the buyer put a deposit in an escrow account maintained by a neutral third party until all the preliminary steps to the transfer can be made.
C)A contract generally requires that the buyer put a deposit in an escrow account maintained by a neutral third party until all the preliminary steps to the transfer can be made.
D)A contract generally requires that the buyer put a deposit in an escrow account maintained by a neutral third party until all the preliminary steps to the transfer can be made.
E)A contract generally requires that the buyer put a deposit in an escrow account maintained by a neutral third party until all the preliminary steps to the transfer can be made.

A[n] ________ Account Is an Account Maintained by a Neutral