What type of sale involves a neutral third party managing funds for an agreement fulfillment?

In real estate transactions, an escrow refers to a neutral third party who manages the holding and disbursement of funds, along with necessary documents, until specific contractual obligations are fulfilled by the involved parties. This system is designed to protect both buyers and sellers during the transaction process. The escrow agent ensures that all conditions of the sale are met—such as inspections, financing, and title searches—before the funds are released to the seller and the title is conveyed to the buyer.

This neutral management minimizes risks and enhances trust between the parties, as neither can access the funds until all terms are satisfied. The other types of sales mentioned might involve different processes or legal proceedings, but they do not specifically focus on the arrangement for neutral fund management that characterizes an escrow. Therefore, escrow is the correct choice for a sale that involves a neutral third party overseeing the fulfillment of an agreement.