Who chooses Escrow?
A. The selection of the escrow holder is normally done by agreement between the principals. If a real estate broker is involved in the transaction, the broker may recommend an escrow holder. However, it is the right of the principals to make the choice. There are laws that prohibit the payment of referral fees, thereby affording the consumer the best possible escrow services without any compromise caused by a person receiving a referral fee. We suggest using a truly independent third party, an escrow agent not affiliated with a lender or real estate agency or title company.
