Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Ch2-5 Escrow

Closing Process by which all parties to the transaction conclude the details of a sale, including the signing and transfer of documents and the distribution of funds.
Terms for Closed Transaction The deed is recorded in the name of the buyer; and funds are made available to the seller.
Closing Statement A financial summary of the transaction.
Principals of the escrow The parties to the transaction: Seller and the buyer, not their real estate brokers.
Escrow Agent A neutral party who acts on behalf of the parties to the escrow.
Escrow Instructions Instructions which are signed by both buyer and seller, and which enable an escrow agent to carry out the procedures necessary to transfer real property.
Created by: userjoe