Which of the following statements is true concerning typical escrow procedures?
a. Once escrow has closed, the escrow agency changes from a dual agency to a separate agency of each principal.
b. The escrow officer may be an advocate for the best interests of both principals.
c. Once the escrow officer is in possession of a binding contract between the buyer and seller, it is said to be a "complete escrow."
d. The escrow officer can be an advisor to both the buyer and the seller.
Answer: a. Once escrow has closed, the escrow agency changes from a dual agency to a separate agency of each principal.
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