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true or false 26. A real estate broker can legally conduct...

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26. A real estate broker can legally conduct an escrow without an escrow license for a transaction in which she represents one of the parties. 27. In California, all escrow companies are licensed by the California Department of Real Estate. The time for signing of escrow instructions varies from northern to southern California. 28. 29 Any money held by a broker in connection with an escrow may be placed in her business account until just prior to escrow closing. 30. An escrow officer may suggest that terms or provisions be inserted in the escrow. The purchase agreement generally acts as the escrow instructions. 31. When conducting an escrow for an income-producing property, such as an apartment 32. house, it is not recommended to obtain estoppel certificates from the tenants. 33. A seller's closing costs can be broken down into three categories: Legal closing fees, Financial closing fees, and Buyer/seller adjustments An ALTA policy of title insurance is almost always purchased for the lender's benefit. 34

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