Within 3 days following the acceptance must escrow acquire a copy of the purchase agreement. According to section 20 of the sample sales agreement you reviewed.
<h3>What is an escrow agreement?</h3>
An escrow agreement refers to a contract that delineates the terms and prerequisites of a transaction for something of value such as a bond, or asset which is owned by a third party until all requirements have been met.
"Escrow" is a phrase that describes the neutral third-party handling of accounts, documents, and tasks detailed to the closing (or settlement, as it is also known), as summarized on the real estate purchase agreement or sales agreement.
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<u>Sumer</u>, located in Mesopotamia, is the first known complex civilization, having developed the first city-states in the 4th millennium BCE. It was in these cities that the earliest known form of writing, cuneiform script, appeared around 3000 BCE.
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