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In this weekly Q&A video, Todd Tremonti of Market Experts Realty explains the concept of an escrow account. He defines it as a neutral bank account used to hold funds during a real estate transaction. Escrow accounts are typically managed by title companies in Texas and are used to securely hold money, such as earnest money, until the completion of the sale. Tremonti emphasizes that these accounts play a crucial role in ensuring that funds are handled appropriately between the buyer and seller, with the distribution of the money dictated by the terms of the transaction.