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National Real Estate Salesperson Exam Prep 2026 | Real Estate Practice Questions
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Question Number 5
In a real estate transaction, what is an "escrow account" used for?
To hold funds for future property improvements
To save money for the buyer’s down payment
To hold and manage funds for property taxes and insurance
To invest in real estate stocks
✔ Correct Answer:
To hold and manage funds for property taxes and insurance
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