The escrow settlement procedure that involves the FREC giving direction to the broker is .. ?

Through the escrow disbursement order, a broker is able to access the instructions present in FREC, which will be able to guide the broker in the actions that must be taken to resolve the dispute between the parties. In this case, the broker must notify and request FREC within 10 working days, without considering weekends and holidays.

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Martebigo Martebigo · Answer 2

There are different steps in escrow settlement procedure. The escrow settlement procedure that involves the FREC giving direction to the broker is Escrow Disbursement Order .

An escrow is simply known as the arrangement that often does not please the third part who is also called an escrow holder or settlement agent. The third party is known to holds legal documents and funds on behalf of a buyer and seller, and can share them based on the buyer's and seller's instruction.

Escrow settlement procedure includes;

To request the FREC issue an Escrow Disbursement Order
Using the consent of all parties involved, one has to submit the matter to arbitration etc.

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