Which of the Following Expenses Is Paid from an Escrow

question 33

Multiple Choice

Which of the following expenses is paid from an escrow account?

• A)title insurance
• B)property insurance
• C)points
• D)loan application fee
• E)real estate agent's commission

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Definitions:

Moral Hazard

A situation where one party in an agreement can take risks because the other party bears the consequences of those risks.

Theft

The act of stealing, or unlawfully taking someone else's property without their permission with the intent to permanently deprive them of it.

Lock

A mechanism for controlling access, ensuring security by preventing or limiting access to a location or object.

Moral Hazard

A situation where one party in a contract can take risks because they know they will not have to bear the full consequences of their actions.