For an Escrow to Be Valid, There Must Be A

question 26

Multiple Choice

For an escrow to be valid, there must be a:

• A) conditional delivery of transfer documents to a third party
• B) real estate agent in the transaction
• C) title insurance policy
• D) sixty-day limit on the closing date

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Definitions:

Union Workers

Employees who are members of a labor union, a collective organization that represents their interests in negotiations with employers over issues like wages, benefits, and working conditions.

Evaluative Tool

An instrument or methodology used to assess the effectiveness, impact, or value of a program, policy, or process.

Good Faith Bargaining

The duty of both parties in a negotiation (e.g., employers and employees' union) to meet and negotiate at reasonable times with willingness to reach an agreement on matters under negotiation, such as wages, hours, and terms and conditions of employment.

Strike Capability

The ability of workers or a labor union to carry out a strike effectively in pursuit of their demands.