Washington Special Escrow Agreement (SEA) is an agreement created by the state of Washington to provide a safe and secure way to transfer real estate between two parties. It is a binding contract between the buyer, seller, and escrow agent that outlines the roles and responsibilities of each while ensuring that all the terms of the sale, including the payment of the purchase price, are fulfilled. SEA can be used for residential or commercial real estate transactions. There are three main types of SEA: Traditional Escrow, Reverse Escrow, and Property Management Escrow. Traditional Escrow is the most common and involves the buyer paying the purchase price to the escrow agent, who holds the funds until the seller has performed all the conditions of the agreement. Reverse Escrow is similar to Traditional Escrow, except that the seller pays the purchase price to the escrow agent, who holds the funds until the buyer has performed all the conditions. Property Management Escrow is used when the buyer and seller are both acting as the property manager, and the escrow agent holds the funds until both parties have fulfilled their obligations.