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if were using a service like escrow.com i normally will forgo the contract because the terms and conditions on escrow.com are typically very adequate in closing a transaction if the transaction occurs at a higher price point i.e something over six digits typically we will use a paper contract at the end of the day its up to buyer and seller if they wish to use a paper contract in a transaction if not if they im sorry if they choose to use one will handle all of those red lines back and forth and discussion points as it relates to any terms in that agreement once the red lines are all completed both parties will execute the agreement the broker will then be able to execute and set up the transaction at the preferred escrow provider once the transaction is set up at escrow and all parties are verified both parties would then agree to the terms of that transaction the buyer would then choose a payment method and fund the payment once the payment has been confirmed by escrow the buyer i