What are the duties of a closing agent?

A closing agent is a crucial part of a real estate transaction in Arkansas. This person is an impartial third party who helps facilitate the exchange of the deed or title from the seller to the buyer. They also ensure that all the necessary paperwork is completed properly. The closing agent has several duties. First, they will help prepare all of the necessary documents for the closing, including the deed, title documents, and closing forms. The closing agent is responsible for collecting and verifying all of the information needed to complete the closing process. They will also review the legal documents and ensure that there are no errors. The closing agent also helps to coordinate and facilitate the closing. This includes verifying that all paperwork is signed, collecting all funds for the transaction, and having the deed and other documents notarized. The closing agent will also coordinate the closing date and time with both the buyer and seller. Another duty of the closing agent is to prepare all of the documents and reports that will be needed post-closing. The closing agent is generally responsible for preparing the deed, transferring the title, and any paperwork that needs to be filed with the county clerk. The closing agent must also provide a closing statement to both the buyer and the seller, which shows the final costs of the transaction. The closing agent is an essential part of a real estate transaction in Arkansas, and their duties are essential to the successful completion of the transaction. They help to ensure that all of the documentation is accurate, that the closing is completed on time, and that all taxes, fees, and other costs are accounted for.

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