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Real Estate Practice : Lesson 4018
What is traditionally considered to be the last step in a real estate transaction ?
Take your time. The solution is posted below the wildlife photo.
A. The closing
Closing is generally considered to be the last thing that takes place in any real estate transaction.
All monies are excvhanged, title transfer takes place and the deed is handed over.
Another term for closing is escrow or 'going to settlement.
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