Which statement best describes the take sheet?

• A. Outlines the escrow process and is provided to the buyer.
• B. Is an orderly sequence of questions the escrow holder asks the parties.
• C. Is neither a nor b.
• D. Is both a and b.

Answer: (B)

The take sheet is a structured intake tool used by the escrow officer to collect essential information from the buyer, seller, and lender. It provides an orderly sequence of questions to ensure all required data—such as names, addresses, loan details, title status, prorations, and contingencies—are captured in one pass, helping keep the file complete and organized. It isn’t simply an outline of the escrow process or a document presented to the buyer explaining how escrow works. For that reason, the description that fits best is that the take sheet is an orderly sequence of questions the escrow holder asks the parties.