Basic Escrow: Opening & Closing the File

A powerful workshop for new escrow professionals or those looking to refresh their skills, this class focuses on resale escrows while also introducing essential concepts applicable across all escrow types.

Participants will gain a solid understanding of escrow terminology, documentation, and best practices, along with practical “tips and techniques” to recognize red flags, maintain neutrality, and manage files effectively. Extensive materials, handouts, and templates are included to support your continued learning.

What You’ll Learn

• Industry terminology and acronyms every escrow professional should know
• The purpose of escrow and the roles of the Buyer, Seller, Lender, and Escrow Holder
• Risk management and recognizing potential red flags
• Opening escrow and preparing accurate escrow instructions
• Understanding the C.A.R. Contract and key general provisions
• Sale and refinance escrows: notes, deeds, and supporting documents
• Ordering demands and working with sub-escrows
• Title insurance fundamentals: types of policies and reading prelims
• Documentary transfer tax, prorations, and balancing the file (an introduction)
• P.C.O.R. requirements and forms: what you need to know

Gain the knowledge, structure, and confidence to manage escrow transactions professionally, and build the foundation for your continued success in the industry.