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What is something an escrow agent should never do?

a) Receive money from lenders.
b) Offer legal advice.
c) Obtain title insurance.
d) Prepare closing documents.

1 Answer

5 votes

Answer: Obtain title insurance

Step-by-step explanation:

An escrow agent is someone who is trusted and holds property for third parties in case there's a ongoing disagreement that's being settled or in case whereby a transaction is being finalized and this role is usually performed by an attorney

An escrow agent can:

• Receive money from lenders.

• Offer legal advice.

• Prepare closing documents.

Therefore, an escrow agent should not obtain title insurance.

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