What is the primary responsibility of a closing agent in a real estate transaction?

The closing agent plays a crucial role in real estate transactions by facilitating the closing process. This involves ensuring that all necessary documents are prepared correctly, that all parties meet their obligations, and that the financial aspects of the transaction are handled smoothly. The closing agent coordinates the signing of documents, disbursement of funds, and ensures that the transaction complies with legal and regulatory requirements.

Setting the listing price of the property is typically the responsibility of the seller in collaboration with their real estate agent, not the closing agent. Obtaining financing for the buyer is the role of the lender and the buyer, rather than the closing agent. While a closing agent may witness the signing of documents, they do not sign on behalf of the seller; their role is more about ensuring proper execution and compliance rather than representation. Therefore, the primary responsibility of a closing agent centers on effectively managing and facilitating the closing process to ensure a successful transaction.