The Closing Transaction: What Every Real Estate Agent Should Know

This Continuing Education (CE) course provides valuable information and insight on the following topics:

• Understanding the new loan estimate and closing disclosure forms
• How the closing agent prepares for closing in accordance with the contract provisions, title commitment requirements and lender’s closing instructions.
• Preparing the sellers and buyers for the day of closing, including: proper identification, funds to close, who must attend the closing and the lender-required documents that must be brought to closing.
• A review of the documents required to be signed by the sellers and buyers at the time of closing such as deeds, notes, mortgages and affidavits.
• The Foreign Investment in Real Property Act (FIRPTA) and how it may apply to real estate transactions
• Why a buyer should obtain an Owner’s Policy of Title Insurance and an overview of the coverage provided
• Common title and closing issues that may delay or prevent a transaction from closing