Termination of an Escrow Can Occur

question 29

Multiple Choice

Termination of an escrow can occur:

• A) when the escrow officer completes the paperwork
• B) when the listing agent says it is okay
• C) upon completion of the sale
• D) none of the above

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Definitions:

Variable Expenses

Costs that change in proportion to the activity of a business.

Sales

Revenue generated from the sale of goods or services to customers.

Fixed Expenses

Costs that do not change in total regardless of changes in the volume of production or sales.

Operating Results

A summary of a company's financial performance over a specified period, focusing on revenue, expenses, and net income.