Who May Conduct Real Estate Closings?

Real estate closings are a formal and legally binding act of transferring real property. Loan approval or cash is relayed between buyer and seller at the closing. The property deed is filed after the closing.

Types of Closings

Closings can be conducted in two distinct manners. An all-inclusive closing meeting brings all necessary parties to the table. A "signing" closing is when each party completes the relevant paperwork separately.

Brokers

Real estate brokers involved in the transaction must be present at the closing, and often organize the meeting. Real estate agents attend the closing, but are not required to do so.

Lenders

Lending institution representatives must be present at the closing. If a real estate agency is not used in the transaction, the lender organizes the closing.

Titling Agencies

A titling agency representative is also involved with the closing. This type of agency researches the title or deed to the property to make sure it can be legally transferred, and is free of liens or back taxes. If a lender and agent are not used, the title representative or attorney conducts the closing.

Buyer and Seller

The buyer and seller must sign the closing paperwork. These parties must approve the closing date and time, and the manner in which the closing is conducted.