escrow defined:
A neutral third party supervising fulfillment conditions.
types of escrow
companies:
Independent -- Is Licensed by
Department of Corporations and subject to annual/ bi-annual
audits from the
Department of corporations.
broker owned
--Licensed by the D.R.E (Department of Real Estate) under a
Broker's license. not regulated by the Department of
corporations and are only allowed transactions done in-house
specific to their clients.
title company
/Escrow Divisions - Licensed only by the Department of Insurance
and not regulated by the D.O.C. .
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