Nick agrees to purchase Greg's property for $285,500. Nick deposits the purchase price with Vera, and Greg deposits a warranty deed for the property with Vera. Vera is instructed to record the deed in Nick's favor when Greg shows good title to the property. Vera is also instructed to pay the purchase price, less some agreed prorations, to Greg when Nick has received the deed. This transaction is called: provisional sale. escrow. installment sale. option

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