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2 votes
An escrow to purchase property was opened on September 1, 2005, and all instructions were placed in escrow, with closing scheduled for December 1, 2005. Prior to the closing of the escrow, the seller requested the escrow agent to change the closing date to January 2, 2006 for income tax purposes. However, the buyer would not agree to this. The escrow agent should _______________________

a) change the closing date.
b) refuse to change the closing date without the buyer's approval.
c) take a position as a reconciler and try to bring the buyer and the seller to an agreement.
d) change the date after the seller signs a release relieving the escrow agent from all liability for making the change.

asked
User YoungDad
by
8.1k points

1 Answer

4 votes

Answer:

B. refuse to change the closing date without the buyer's approval

Step-by-step explanation:

answered
User Hoobajoob
by
8.3k points
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