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Dana Sparks, Broker at Maximum One Greater Atlanta Realtors, discusses the use of an escrow agreement in real estate contracts. This agreement allows buyers and sellers to escrow funds until certain contract negotiation issues, such as repairs, are completed. Instead of writing a special stipulation for fund disbursement, the GAR contract forms include a ready-to-use escrow agreement for convenience and legal compliance. This helps streamline the process and ensures proper handling of funds during the transaction.