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Georgina, the Minnesota escrow agent, must disburse funds to the involved parties in the real estate transactions.

1) True
2) False

User Shalama
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1 Answer

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Final answer:

True, Georgina, the Minnesota escrow agent, is responsible for disbursing funds to the involved parties in a real estate transaction, managing payments for property taxes and home insurance.

Step-by-step explanation:

The statement that Georgina, the Minnesota escrow agent, must disburse funds to the involved parties in the real estate transactions can be considered true. An escrow agent is a neutral third party during a real estate transaction that holds onto funds and then disburses them according to the instructions set out in the escrow agreement. Typically, this would involve the distribution of funds for property taxes and home insurance as part of the normal monthly payment for a mortgage. By doing so, the escrow agent ensures that these expenses are taken care of without the homeowner having to manage multiple separate bills. Thus, the role of an escrow agent is critical in the financial organization and seamless execution of real estate transactions.

User Patryk Kordylewski
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