What Are the Different Roles in Escrow?
In any escrow arrangement, there are three main roles; seller, buyer, and the escrow agent. Seller is the person who is willing to offer specific goods and/or services to be sold. Buyer is the person who wants to purchase the goods and/or services offered by the seller. Escrow agent is the entity that oversees that the trade is done properly, the seller is compensated fully, and the buyer has received the promised goods and/or services.