Who is referred to as the closing agent in real estate transactions?

In real estate transactions, the closing agent plays a critical role as a neutral third party who facilitates the closing process. This individual is responsible for preparing the necessary paperwork required to complete the transaction, which includes documents such as the deed, settlement statement, and any other pertinent agreements. The closing agent's duties also encompass ensuring that all conditions of the sale are met before the transfer of title occurs.

By acting as an intermediary, the closing agent helps to coordinate the various parties involved, which may include buyers, sellers, lenders, and title companies. Their goal is to ensure that the closing process is smooth and that all legal requirements are fulfilled, allowing for a successful transfer of property ownership. This position is distinct from other roles in the transaction; for instance, while a real estate agent represents clients in buying or selling property, the closing agent remains impartial, focused solely on the transaction's completion.

The other choices represent different roles in real estate transactions but do not encapsulate the specific responsibilities and neutrality associated with a closing agent. For example, the party that initiates escrow services typically manages the holding of funds and documents until closing but is not directly involved in preparing the closing paperwork. Similarly, the roles of bank representatives dealing with mortgages focus on financing aspects rather than