Sample Escrow Agreement Real Estate

Payment is usually made to the trust agent. The buyer can perform due diligence for their potential acquisition – such as a home inspection or securing financing – while assuring the seller that they are able to complete the purchase. If the purchase passes, the fiduciary agent will apply the money to the purchase price. If the conditions set out in the agreement are not met or if the agreement is concluded, the fiduciary agent may refund the money to the buyer. A trust agreement normally contains information such as: if such a disagreement occurs between the seller and the buyer, the trust agent has the right to be unrenounted from this agreement by handing over all agreements and documents to the competent court in the matter. This agreement benefits the fiduciary agent, the seller and the buyer. .