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Real Estate Glossary

What is Escrow Agent?

An escrow agent is a neutral third party who acts as a trusted intermediary in a real estate transaction. The escrow agent holds onto important documents and funds related to the transaction, and makes sure that all of the terms and conditions of the purchase or sale agreement are met before releasing them. The escrow agent is responsible for ensuring that the parties to the transaction fulfill their obligations, and that all necessary paperwork is completed correctly.