Terms of Use
The terms governing your use of escrow.realty.com.
DRAFT — for review only. This document describes how the platform works but is not finalized, binding legal language. It must be reviewed and completed by qualified counsel (and aligned with applicable escrow / money-transmitter licensing) before any live funds are handled.
1. About these terms
These Terms of Use govern your access to and use of escrow.realty.com (the “Service”), operated by Escrow Realty. By creating an account or using the Service you agree to these terms. Each individual transaction is also governed by the General Escrow Instructions.
2. Eligibility & accounts
- You must be of legal age and capacity to enter binding contracts.
- You must provide accurate registration information and keep your credentials secure.
- Before funds move, you must complete identity verification (KYC); we may decline or limit service where verification cannot be completed.
3. The escrow service
Escrow Realty acts as a neutral third party that holds funds on behalf of a buyer and seller and releases them according to the agreed terms of a transaction. We are not a party to the underlying deal, do not take ownership of the goods or services, and do not provide legal, tax, or investment advice.
4. Fees
Each transaction carries an escrow fee shown before either party agrees. You choose who pays it (buyer, seller, or split). The fee applicable to a transaction is locked when both parties agree to terms.
5. Handling of funds
- Funds are held in a segregated trust account, separate from our operating funds.
- Funds are released only as directed by the agreed transaction terms or a dispute resolution.
- Funds held in escrow do not accrue interest for the parties unless expressly stated.
6. Acceptable use
You may not use the Service for unlawful purposes, fraud, money laundering, sanctioned transactions, or any transaction prohibited by applicable law. We may suspend or terminate accounts and report activity as required by law.
7. Disputes
If a buyer and seller disagree, either may open a dispute, and the funds remain frozen until it is resolved. Our dispute process and decisions are described in the General Escrow Instructions.
8. Limitation of liability
To the maximum extent permitted by law, the Service is provided “as is”, and our liability is limited as set out in the finalized terms. [Placeholder — to be completed by counsel.]
9. Governing law & changes
These terms are governed by the laws specified in the finalized agreement. We may update these terms; material changes will be notified. [Placeholder — governing jurisdiction to be set by counsel.]
10. Contact
Questions about these terms: support@escrow.realty.