Question

Right before the closing meeting happens, what should the closing agent do to prepare?

a. order title insurance
b. Order final loan documents.
c. record the deed
d. Distribute funds to the seller and brokers.

Answer 1

The closing agent should order title insurance, order final loan documents, record the deed, and distribute funds to the seller and brokers.

Step-by-step explanation:

The closing agent should order title insurance, order final loan documents, record the deed, and distribute funds to the seller and brokers.

Before the closing meeting, the closing agent should do the following:

1. Order title insurance: This is important to protect the buyer and lender against any potential title defects.
2. Order final loan documents: These documents need to be prepared and reviewed before the closing meeting.
3. Record the deed: This is the final step in transferring ownership of the property to the buyer.

After the closing meeting, the closing agent will

distribute funds to the seller and brokers

as agreed upon in the closing documents.