Definition: An account for the deposit of earnest money a disinterested third party (ex. a broker) holds in trust for others; trust funds.
Pronunciation: \ˈes-ˌkrō, es-ˈ\ \ə-ˈkau̇nt\
Used in a Sentence: Our downpayment was held in an escrow account until the closing.
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What are your plans for 2025? Now, if you're thinking, "It's only October," you're absolutely right! It's October 4th, and believe it or not, there are only 89 days remaining...
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How to Start a Full-Time Real Estate Career in Florida Thinking of embarking on a real estate career in the Sunshine State? Florida presents lucrative opportunities for real estate professionals...
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