Escrow Agent Legal Meaning and Definition

Here is a simplified definition of the legal term Escrow Agent.

Escrow Agent (noun): An escrow agent is an individual or company assigned with the role of holding important documents and funds during a real estate transaction. This role is performed based on specific instructions provided by all parties involved. The escrow agent ensures a fair and transparent transfer of property. Most often, an escrow agent can be an attorney, an escrow company, or a title company.