The Missouri Assignment and Escrow Agreement is a contract between parties involved in the transfer of real estate in the state of Missouri. This agreement outlines the transfer of a property from one party (the assignor) to another (the assignee). It also establishes an escrow account to hold the purchase money until the deed is delivered to the assignee. The agreement details the rights and obligations of both parties, and the duties of the escrow agent. There are three types of Missouri Assignment and Escrow Agreement: Residential Assignment and Escrow Agreement, Commercial Assignment and Escrow Agreement, and Vacant Land Assignment and Escrow Agreement. The Residential Assignment and Escrow Agreement is used for transactions involving one-to-four family residential properties, while the Commercial Assignment and Escrow Agreement is used for transactions involving commercial real estate. The Vacant Land Assignment and Escrow Agreement is used for transactions involving vacant land that is not improved or used for residential or commercial purposes.