escrow agent
Neutral funds holder
An escrow agent is a neutral third party who holds money, documents, or property during a transaction until specified conditions are met.
In real estate, the escrow agent typically holds the buyer's deposit and coordinates the closing process: The escrow agent released the funds once both parties signed.
Banks, title companies, and attorneys commonly serve this role.
- fiduciaryAgent bound by loyalty
- closingFinal stage of something
- depositPlace for safekeeping
- contractEnforceable written agreement
- purchase agreementBinding document for transactions
trustee · neutral third party · earnest money · custodian · real estate transaction · contingency · settlement · payment · fraud prevention · dispute resolution · notarization · release conditions · intermediary · deed · clear title · guarantor · compliance · third party
escrow agentprincipal
Chief school administrator
stakeholder · beneficiary · buyer · seller · partisan
escrow agentbuyer
One who acquires things
seller · counterparty · deal maker · grantor · grantee