Question

What is the minimum number of parties to an escrow?

1) two
2) three
3) four
4) five

Answer 1

The minimum number of parties to an escrow is two.

Step-by-step explanation:

The minimum number of parties to an escrow is two.

Escrow involves three parties: the buyer, the seller, and a neutral third party called an escrow agent or escrow company. The buyer deposits the funds with the escrow agent, who holds the money until the seller fulfills certain conditions specified in the escrow agreement. Once the conditions are met, the escrow agent disburses the funds to the seller.