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| Frequently Asked Questions | |||||
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Who chooses the Escrow? The selection of the escrow holder is normally done by agreement between the principals. If a real estate broker is involved in the transaction, the broker may recommend an escrow holder. However, it is the right of the principals to use an escrow holder who is competent, and who is experienced in handling the type of escrow at hand. There are laws that prohibit the payment of referral fees. This affords the consumer the best possible escrow services without any compromise or bias caused by a person receiving a referral fee. Note: Only independent escrow companies, licensed by the D.O.C., are regulated to discourage the use of referral fees without the principal's knowledge!
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Copyright © 1999 Golden Escrow, Inc.
All Rights Reserved. |