During an escrow closing, the seller delivered the deed to the escrow agent on March 1, 2019. The escrow agent delivered the deed to the buyer on April 1, 2019. The buyer delivered final payment for the house to the escrow agent on February 1,2019. Note that there were no unexpected or unusual events that took place with regard to this escrow closing.

1. When did first delivery occur? (3 points)

2. When did second delivery occur? (3 points)

3. When did title to the house transfer from the seller to the buyer? (3 points)

4. What is one advantage an escrow closing has over a traditional roundtable closing? (3 points)

5. What is one disadvantage of having an escrow closing instead of a roundtable closing? (3 points)