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An escrow agreement is a written agreement (usually among buyer, seller, and escrow agent) that sets the conditions to be performed for the item held in escrow and instructs the escrow agent on how to dispose of it.

In Idaho, escrow for a real estate sale is typically handled by the title or escrow company that closes the transaction.

• Escrow
• Closing
• Third Party

Reviewed by Kootenai Title & Bonner Title Editorial Team · Last updated June 19, 2026
This definition is educational and not legal advice. See our Editorial Policy.