Real Estate Closing & Settlement Procedures & Parties

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

In the real estate sale closing process, which form does the closing agent give to the buyer at least three business days before closing?

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1. In real estate sales transactions, a ______ is never involved in conducting the closing process.

2. In real estate sales transactions, what services do title agents provide in addition to managing the closing?

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About This Quiz & Worksheet

You can access this quiz to assess your knowledge of real estate closing and settlement procedures. Get ready to answer questions about the different parties and forms involved with these settlements.

Quiz & Worksheet Goals

Complete this quiz and worksheet when you're ready to measure your understanding of:

  • Forms provided by the closing agent
  • Who conducts the closing process
  • Services provided by title agents

Skills Practiced

This quiz gives you the opportunity to improve the following abilities:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on real estate closing and settlement procedures
  • Information recall - access the knowledge you've gained regarding signatures needed for every real estate transaction
  • Interpreting information - verify that you can read information regarding real estate procedures and interpret if it is true

Additional Learning

Learn even more about these procedures with the help of the lesson that accompanies this quiz, titled Real Estate Closing & Settlement Procedures & Parties. You can use this lesson to study information about:

  • The terms settlement and closing
  • Functions of closing forms
  • Individuals involved with the closing process
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