Which of the following statements is true concerning escrow procedures:
A: A broker can hold an escrow for compensation for other parties when he has no interest in the transaction;
B: When the escrow requirements have been met, the escrow agency changes from a dual agency to a separate agency;
C: When the escrow holder is in possession of a binding contract between the buyer and seller, it is said to be a "complete escrow";
D: The escrow officer acts as an arbitrator of arguments between the buyer and seller.
Answer: B: When the escrow requirements have been met, the escrow agency changes from a dual agency to a separate agency;
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a. true b. false