RE/MAX Palos Verdes has developed a strong working relationship with Peninsula Escrow over the years. This association makes transaction run smoothly…and smooth transactions make satisfied clients. Escrow is used in California to facilitate the purchase/sale of a property. It is a strictly regulated business. Escrow is opened when the offer to purchase has been accepted. The Escrow Company serves as a "clearing house" for documents and funds connected with the purchase/sale.