Can Buyer and Seller Use Different Escrow Companies in Florida?

July 24, 2025

Escrow companies play an important role, overseeing different steps in a real estate transaction and preventing potential conflict between buyers and sellers. The knowledge of escrow specialists also helps clients navigate the process without overlooking important steps, always following local laws and standards.

Because of all of this, lots of research goes into choosing the right company for the job, and the result shows from the very first round of negotiations, after a purchase offer is approved.

Choosing an Escrow Company in Florida

Both buyers and sellers are expected to enlist the services of an escrow company for the duration of the real estate transaction. This approach not only helps clients navigate the process more effectively, but it's also the surest way to protect them from fraud, scams, and other illegal practices.

Buyers and sellers are not legally obligated to have a title company in the state of Florida, but real estate specialists all over the state still recommend this approach. It's also a very common requirement for lenders and mortgage brokers.

Can buyer and seller use different escrow companies in Florida?

Yes, they can choose their companies separately. Still, it's more common for buyers and sellers to work with the same company to streamline the process, especially when they can find one company that handles both the 'title' and the 'escrow' side of the transaction.

While title companies handle title searches and the issuing of insurance policies, escrow companies handle the creation and management of the escrow account, holding funds and closing costs until the closing date.

When these services are provided separately, buyers and sellers tend to choose different title companies while having the same escrow company to oversee the funds in a single account. This is known as "split closing" to signal the involvement of two title companies in the insurance policy. It's a fairly standard approach in Florida closings.

Now, the title company is usually picked by the party in charge of paying for insurance. In most parts of Florida, that responsibility falls on the seller, but buyers still have a say in the final decision.

Make the Best Decision To Guarantee a Smooth Process

First, we need to stress the fact that each transaction is different, so the best option in one case can be a hassle for someone else. Some factors remain true from all angles, and it helps to take them into account if you don't know how to go about your escrow process.

For one, there's a reason why title and escrow companies are so popular: having multiple companies on board demands a greater effort to avoid misunderstandings since there are more people following the process.

In addition, each company has its own systems and protocols, so it can be tricky to fully integrate multiple approaches while working on a deadline. Real estate closings have a timeframe of 30-60 days, with many tasks to fulfill along the way. In other words, you risk wasting precious time just to get everyone up to speed.

If you complete all the closing requirements with a single company, there are fewer chances of delays, because funds, title/record searches, appraisals, and insurance are handled by the same people. It's much easier for buyers and sellers to stay on the same page, and misunderstandings can be solved effectively before they get out of hand.

Sounds like a dream scenario, and Key Title & Escrow can make it a reality for you. We gather Florida's top experts to provide a wide variety of title and escrow services, including everything you need to complete your closing on your own terms.

Key Title & Escrow brings years of experience assisting buyers and sellers all over the Florida area. We provide outstanding escrow services to optimize important steps like property inspections, title searches, insurance, and more. You can come to us with your case, and we'll adapt our methods accordingly, because our staff is ready to protect your best interests at each step of the way. Don't hesitate to call (305) 235-4571 or toll-free at (800) 547-0006 to get in touch with our title and escrow experts. You can also reach out to us via the website's contact form, and our specialists will get back to you right away.