What is the minimum number of people required to establish a simple escrow?

To establish a simple escrow, the minimum number of people required is three. This is usually comprised of the buyer, the seller, and the escrow agent. The buyer and seller are the primary parties involved in the transaction, and the escrow agent acts as a neutral third party that manages the escrow account and ensures that the terms of the escrow agreement are fulfilled.

The role of the escrow agent is crucial as they hold onto the funds and documents until all the conditions set forth in the agreement are met, thus facilitating a smooth and secure transaction between the buyer and seller. While having more parties involved can occur in more complex transactions, for a basic escrow agreement, the three parties mentioned are sufficient. This makes three the minimum number to form a simple escrow arrangement.