Who is an Escrow agent?​

Who is an Escrow agent?​

​​An escrow agent is like a middleman in a deal, making sure that both the buyer and the seller follow through on their promises. When people are involved in a transaction, like buying a house, a business, or something valuable, they might use an escrow service.

Here's how it works: Instead of the buyer giving money directly to the seller, the money goes to the escrow agent. The agent holds onto the money until both the buyer and the seller meet the agreed-upon terms of their deal. Once everything is done right, the agent releases the money to the seller.

So, the escrow agent is like a referee, making sure everyone plays fair and that the deal happens smoothly. It's a way to make transactions safer and give everyone involved confidence that they'll get what they were promised.

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