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1. Escrow is a:\ a. legal requirement\ b. process\ \*c. both a and b\ d. neither a nor b 2. How many parties, other than neutral escrow, are usually involved in escrow?\ a. 1\ \*b. 2\ c. 3\ d. 4 3. The escrow officer is considered:\ a. an attorney\ \*...

1. Escrow is a:\ a. legal requirement\ b. process\ \*c. both a and b\ d. neither a nor b 2. How many parties, other than neutral escrow, are usually involved in escrow?\ a. 1\ \*b. 2\ c. 3\ d. 4 3. The escrow officer is considered:\ a. an attorney\ \*b. a stakeholder\ c. a gambler\ d. an agent of the buyer 4. Escrows in California are:\ a. sometimes recommended\ b. seldom recommended\ \*c. highly recommended\ d. never recommended 5. The years of experience an escrow agent must have before opening a business is:\ a. 3 years\ \*b. 5 years\ c. 7 years\ d. 10 years 6. Real estate brokers may conduct escrows if the escrows are:\ a. authorized by the state\ \*b. transactions in which broker\ c. agreed to by buyer and seller\ d. any transaction is agent for buyer or seller 7. One association that helps escrow agents in their work is:\ a. U.S. Real Estate Co.\ b. United Escrow Association\ \*c. California Escrow Association\ d. California Real Estate Association 8. The California Escrow Association was founded in:\ a. 1900\ \*b. 1956\ c. 1960\ d. 1965 9. It is dangerous for an escrow agent to give:\ a. advice\ b. explanations\ c. restrictions\ \*d. all of the above 10. Under any circumstance, escrow may NOT make:\ a. wills\ b. living trusts\ \*c. both a and b\ d. neither a nor b