California Real Estate Practice Exam

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What are escrow instructions given by one party at a time to the escrow agent called?

  1. Bilateral

  2. Unilateral

  3. Multilateral

  4. Non-binding

The correct answer is: Unilateral

Escrow instructions are typically given by one party at a time, making the answer B Unilateral the most accurate. Option A: Bilateral and Option C: Multilateral refer to agreements or instructions given by two or multiple parties, respectively, making them incorrect. Option D: Non-binding implies that the instructions given are not legally enforceable, which is not true for escrow instructions, making it an incorrect option as well.

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