What is the role of closing attorneys in real estate transactions?

In real estate transactions, closing attorneys play a crucial role in overseeing the closing process. They ensure that all legal requirements are met, that the transaction is executed according to the terms outlined in the purchase agreement, and that all necessary documents are properly prepared and recorded. This includes reviewing the title, conducting title searches, facilitating the signing of documents, disbursing funds, and ensuring that any liens are cleared. By managing these responsibilities, closing attorneys help to ensure that the transaction proceeds smoothly and legally.

The other options refer to roles that do not accurately describe the primary function of a closing attorney. Negotiating prices typically falls to the real estate agents involved, rather than the closing attorney. While closing attorneys may provide legal advice, they do not represent the buyer in all legal matters, as their focus is specifically on the closing process itself. Additionally, while they may be aware of financing arrangements, their primary responsibility is not to approve such arrangements, which is typically handled by lenders or mortgage brokers.