escrow agent

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escrow agent

n. a person or entity holding documents and funds in a transfer of real property, acting for both parties pursuant to instructions. Typically the agent is a person (commonly an attorney), escrow company or title company, depending on local practice. (See: escrow)

References in periodicals archive ?
The Department of Municipal Affairs said, "As a pioneer in the real estate escrow industry, we are glad to have ADCB register as the first escrow agents with us.
XL Catlin and RPS/Plus Companies today announced the availability of two new endorsements making data breach and added theft protection available for their professional liability insurance program specifically designed for title and escrow agents.
E&O insurance offered for: Accountants, advertising or public relations agencies, beauticians or cosmetologists, clergy, collection agencies, management consultants, other consultants, employee leasing companies, employment agencies, escrow agents, funeral directors, health club operators, IT professionals, interior decorators or designers, media professionals, mortgage brokers, outfitters or guides, pest control exterminators or advisers, printers, property managers, real estate agents, real estate appraisers, tax preparers, title agents, transportation specialists, travel agents, veterinarians.
Getting the process right has implications for the software users, the developers or owners of the software, the escrow agents and any assessment body which may be called to certificate the quality processes of any one of those organizations.
The average taxpayer never sees their assessment notice, and a lot of people don't pay their real estate bills - it's paid by escrow agents - so they can use this to review their accounts," said Peter J.
To take advantage of the scheme's LEAF capability, government officials legally authorized to conduct a wiretap would need to obtain key components held by two separate escrow agents.
Buyers can research escrow agents through the Better Business Bureau or online.
XL Group and RPS/Plus Companies have expanded their underwriting partnership to bring professional liability insurance to another class of business -- title & escrow agents.
Based upon the experience of most professional escrow agents, audits on their accounts indicate that as much as 20 percent of all escrow deposits are effectively useless because of technical shortcomings or the omission of critical components--facts that can only he uncovered by testing.