From Real Estate Closing Deskbook, third edition, Chapter Four
- Learn how to run a real estate closing well
Overview of the Closing Ceremony
The purpose of the closing ceremony is for the lawyer to explain the closing papers, obtain the necessary signatures, and collect and disburse the funds. When this is accomplished, the sale and/or loan will be consummated. If the lawyer is fully prepared, most residential closings will take 30 minutes; the more complex the closing, the longer it will take. Preparation is the key.