What is one requirement for a purchase agreement if a title company holds escrow?

A purchase agreement involving a title company that holds escrow must include the title company's name and contact details. This requirement is essential because it ensures that all parties involved in the transaction have access to the title company's information, facilitating communication and coordination during the escrow process. Including such details helps avoid confusion and mitigates any potential delays in closing, as the title company plays a critical role in managing the funds and documents throughout the transaction.

The other options, although relevant to real estate transactions, do not meet the specific requirement tied to a title company's role in escrow. While identifying who pays the closing costs is important for determining financial obligations, it is not strictly necessary for the purchase agreement itself to initiate escrow. A seller's Social Security number is sensitive personal information that doesn't need to be included in the purchase agreement for escrow purposes. Similarly, while stating the property zoning classification can be crucial for understanding the property's permissible uses, it is not a requirement for establishing escrow with a title company.