Who is responsible for managing the closing process and obtaining signatures during a real estate transaction?

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The closing agent plays a crucial role in managing the closing process in a real estate transaction. This individual is responsible for coordinating all aspects of the closing, ensuring that all necessary documents are prepared, presented, and signed by the appropriate parties. The closing agent acts as a neutral party, facilitating communication between the buyer, seller, and other stakeholders, and ensuring that all conditions of the sale are met prior to finalizing the transaction.

In addition to obtaining signatures, the closing agent also ensures that funds are properly handled, disbursed correctly, and that the title is transferred to the new owner. Their expertise is essential to ensure compliance with applicable laws and regulations, which helps to prevent disputes that may arise post-closing.

Other roles, such as attorneys or real estate agents, may provide essential services in a transaction, but they usually do not oversee the entire closing process or manage the signing of documents directly. An attorney may provide legal advice and representation, while a real estate agent assists clients with buying or selling property but typically does not handle the closing details. A title examiner's role is more focused on reviewing title documents to confirm ownership and ensure there are no liens or issues rather than managing the transaction itself. This specialization reinforces why the closing agent is the appropriate

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