The closing is the meeting in which the buyer and seller of real estate conclude all matters pertaining to the transaction.

Question

The closing is the meeting in which the buyer and seller of real estate conclude all matters pertaining to the transaction.​

Quizplus · Accepted Answer

The closing, also known as settlement or escrow in different regions, is indeed the final meeting where the buyer and seller of real estate finalize all matters related to the transaction, including transferring property ownership, settling closing costs, and signing necessary legal documents.

The Closing Is the Meeting in Which the Buyer and Seller