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In this weekly Q&A video, Todd Tremonti from Market Experts Realty discusses the concept of an escrow account. An escrow account is defined as a bank account that holds funds in a neutral third-party situation during real estate transactions. In Texas, these accounts are typically managed by title companies, where funds like earnest money are held. Tremonti notes that earnest money serves as a deposit between the buyer and seller. He also mentions that there is a separate video that delves deeper into the topic of earnest money, although he does not elaborate on it in this video.