Who is an Escrow Agent? An escrow agent covers funds or properties and enforces strict escrow arrangements instead in financial transactions, even in particular just those usually involving prime real estate. Perhaps an escrow agent already has a fiduciary responsibility to the parties involved in the deal and can start acting only in compliance with the terms of most of the arrangement. So what is the position of an agent working mostly in real estate sales? Since the moment the purchaser receives the bid at the time of closure, the escrow representative is interested in the real estate deal.
If you try to sign a purchasing legal agreement mostly with the original seller, then you really actually pay another serious deposit of money, which tells the seller that you are serious about buying a house. The agent guarantees that the invoice is valid, and deposits this fee, along with the title and other such documents, in an escrow account, where it can be kept by the agent or escrow firm before all parties have met their mutual duties of selling, such as home appraisal and funding.