What obligation does the escrowee have regarding the escrow instructions?

The escrowee has a fiduciary duty to manage the escrow account in accordance with the instructions provided by the parties involved in the transaction. This means they are required to follow the escrow instructions with a high degree of care and skill, ensuring that all contractual obligations are met before funds or property are released.

This obligation reflects the trust placed in the escrowee to handle the transaction's details accurately and impartially. They must ensure compliance with the agreed-upon terms to protect the interests of all parties involved in the transaction. This involves careful attention to the specifics of the instructions and acting in the best interests of the party that has engaged them. The escrowee cannot disregard these instructions simply because one party wants to change them; they must seek mutual agreement between both parties before proceeding with any modifications.