Signed Escrow Agreement listing the amount, the terms and what improvements are to be made. The agreement must show the repairs will be.First, to ensure that you're conveying a clean title to the property, your escrow agent or attorney will conduct a title search. A repair escrow is an agreement between the Buyer and Seller to set aside money to complete required repairs after the transaction closes. A traditional escrow account agreement is often used in real estate transactions to help ensure that the funds are available and allocated at closing. After not hearing from escrow an hour later about setting up my signing appointment I decided to call the escrow agent. A form of escrow agreement is a legal contract that guarantees a third party will hold the funds or property during an exchange.