Which document shows the monies involved in a real estate transaction?

The closing statement is the correct document that showcases the monies involved in a real estate transaction. This vital document provides a detailed breakdown of the financial aspects of the transaction, including the purchase price, any prorations (such as property taxes or homeowners association fees), closing costs, and the amounts due to various parties involved, such as lenders and real estate agents.

The clarity and transparency that the closing statement offers are crucial for both buyers and sellers, ensuring that everyone understands the financial obligations and distributions that are occurring at the close of the deal. Additionally, a closing statement must be provided to all parties during the closing process, ensuring they have a complete understanding of where funds are coming from and where they are going.

While other options may refer to documents used in the transaction process, such as settlement statements or closing documents—which can encompass various paperwork—the term "closing statement" specifically denotes the financial summary, making it the most appropriate choice for reflecting the monetary elements of a real estate transaction.