Final answer:
The statement is false; knowledge of real estate law is essential for the proper handling of escrow instructions to ensure lawful and fair transactions.
Step-by-step explanation:
The handling of escrow instructions certainly requires an understanding of rules of real estate law. Escrow processes are intertwined with legal regulations to ensure that transactions between parties are executed fairly and lawfully. When dealing with escrow, it's required to know how to properly manage these instructions within the scope of the law. False statements can not only lead to financial losses but also legal consequences.
Therefore, knowledge of real estate law is essential for the proper administration of escrow accounts and adherence to escrow instructions.