The escrow agent (often the broker, title company, or attorney) is the fiduciary who receives and holds trust money in a regulated escrow account until contract terms are fulfilled. In Maryland, the broker is responsible for maintaining escrow records and depositing all trust money promptly in accordance with COMAR 09.11.02.19. “Escrow master” and “mortgage agent” are not legal titles under Maryland law, and “special agent” refers to the agency relationship, not handling of funds.
[Reference:Maryland 60-Hour Course – “Real Estate Brokerage Operations” section; Maryland Business Occupations and Professions Article § 17-505 (Escrow Accounts)., , , ]
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