Tell your buyer that because the two of you haven't done business before, you must insist that he place this into YOUR attorney's escrow account.

I had a previous tenant who insisted she could use her security deposit as the last month's rent, despite what the lease said.

Be careful to insist that an Environmental Professional (as defined in the standard and EPA regulations), not some "field staff," performs the site inspection, one of the most important parts of the job. 

I would insist on all tenants and the bank signing an estoppel letter stating that there is no written lease and verifying the current rent and terms.

I used to listen to Bruce Williams on the radio and that was the reason he used to stress having your own attorney on all RE transactions, since you were signing so many documents, EVERY ONE OF WHICH HAD BEEN PREPARED BY AN ATTORNEY.I once closed a house that I was seller financing and the buyer insisted on having their attorney prepare the documents, I'm not sure I was doing my own document preparation yet at that point, and I said OK.

We went through this several times already so I'm not sure why you insist on kicking a dead horse.

The broker insist that he can get the deal closesd.

. :) Several years ago my own niece (the Engineer now RE agent) insisted that my son get pre-approved before she would show him any properties.

After insisting briefly that there was no other alternative, I made a call to corporate (went back to my truck and called my wife to see if she wanted me to pick the kids up from school) and came back excited with a workout plan.

If you finance the purchase, your lender may insist on this as a condition of lending.