an escrow company is frequently used for closing because escrow documents can be easily revoked theft of escrows is a common problem most brokers lack the skills and knowledge needed to manage closings the parties choose to have  neutral third party handle the documents

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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an escrow company is frequently used for closing because

escrow documents can be easily revoked

theft of escrows is a common problem

most brokers lack the skills and knowledge needed to manage closings

the parties choose to have  neutral third party handle the documents 

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