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Dana Sparks, Broker of Maximum One Greater Atlanta Realtors, discusses the use of an escrow agreement in real estate transactions. This agreement allows buyers and sellers to escrow funds until certain contract negotiation issues, such as repairs, are completed. By using a pre-written escrow agreement in the GAR contract forms, parties can ensure proper legal components for the disbursement and holding of funds without the need for a special stipulation. This provides security for both parties involved in the transaction.
