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Dana Sparks, Broker of Maximum One Greater Atlanta Realtors, discusses the use of an escrow agreement in real estate transactions. Escrowing funds can be done for situations such as repairs, where a certain amount of money is held until the repairs are completed. This eliminates the need for a special stipulation in the contract and ensures proper legal components for fund disbursement. The GAR contract forms include a pre-written escrow agreement for convenience and clarity.