On behalf of the buyer and seller, the escrow officer acts as:

Question

Quizplus · Accepted Answer

The escrow officer acts as an agent for both the buyer and seller, meaning they have a fiduciary obligation to both parties to handle the transaction impartially and in accordance with their instructions. The other options (employee, independent contractor, licensee) do not accurately describe the relationship between the escrow officer and the parties involved in the transaction.

On Behalf of the Buyer and Seller, the Escrow Officer