Hotkey to exit Type mode
PLEASE MAKE A "HOTKEY" or keyboard command to EXIT "TYPE MODE."
ONCE ONE IS IN TYPE MODE, A COMMON ERROR IS TO ACCIDENTALLY TYPE:
The answer could be as simple as "Simultaneous Spacebar + hotkey letter."
Escape key does that.
If this does not work for you for some reasons — please provide it in the comments.
Jacqui Lindsay commented
Pressing Escape takes you back to the selection tool after you have entered text.