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For decades, if you wanted a real estate agent to help you buy or sell a home, the model was static. At the close of escrow, the seller typically used their proceeds to pay a 5% to 6% commission ...
Otherwise, whether legal or not, a double escrow may not be physically possible. By definition, both escrows must close on the same day, or it is not "double" escrow but two single escrows. The second sale cannot close until the deed from the first sale is recorded, which means the deed must be recorded on the same day that both closings happen.
The State Treasurer of Oklahoma is the chief custodian of Oklahoma's cash deposits, monies from bond sales, and other securities and collateral and directs the investments of those assets. The treasurer provides for the safe and efficient operation of state government through effective banking, investment, and cash management.
Typically, a real estate investor first enters into a contract to purchase a property and then subsequently (before closing the purchase) enters into a contract to sell the property (hopefully for a higher price). The investor then utilizes a double closing to close both transactions at approximately the same time. [1]
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Russell Ray will face Brian Bingham and Justin Hornback in the June 18 primary to secure the Republican nomination for corporation commissioner.
The Oklahoma Council on Bond Oversight is the statutory body responsible for reviewing all borrowing requests by State agencies, authorities, departments, and trusts, including public institutions of higher education. Upon approval, the State Bond Advisor is responsible assisting issuers with the sale of the approved bonds.
Questions about transparency concerning the $955 million Oklahoma City Public Schools bond issue wound their way through a board meeting on Monday.