Escrow
Employment Information

Wages

The pay for escrow assistants is around $10/hour — a low-paid but necessary step towards becoming a full-fledged officer. The median annual salary for a typical escrow officer in Seattle is $55,127. Nationally, the median is $40,111. Salaries are augmented by commissions, which are dependent upon the difficulty and complexity of a transaction as well as the amount of money changing hands. Commissions may range from 10-40 percent of a deal's value.

Working Conditions

Escrow officers work indoors, except when visiting customers or inspecting properties. They usually work at least 40 hours/week, with overtime during periods when home sales and refinancing are heavy.

Employment Outlook

Fewer opportunities for escrow officers are projected over the next 10 years, due to the recent decline in real estate prices and general cooling of the market.