Who manages the closing process and explains documents to the parties involved?

The correct choice is the Closing Agent because this role is specifically responsible for overseeing the closing process in real estate transactions. The Closing Agent acts as a neutral third party to facilitate the final steps of the transaction. They manage the logistics of the closing, ensuring that all necessary documents are prepared and distributed to the appropriate parties.

Additionally, the Closing Agent explains the closing documents to the buyers and sellers, ensuring that they understand their rights, obligations, and any financial responsibilities they may have. This role is essential to making the closing process smooth and ensuring that all legal requirements are met.

While other roles, such as an Escrow Officer or an Attorney, may also be involved in aspects of the closing process, the Closing Agent is central to managing the entire process and directly engaging with the parties to clarify the necessary documentation and steps required to finalize the transaction.