Which of the following is required for a valid escrow in the conveyance of title to real property?
A. The services of a licensed real estate broker.
B. A binding contract between buyer and seller and the conditional delivery of transfer instruments to a third party.
C. A complete chain of title.
D. No conditions in the escrow instructions.
Answer: B. A binding contract between buyer and seller and the conditional delivery of transfer instruments to a third party.
Business
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