What should the agent do during the closing process?

During the closing process, reviewing the closing disclosure is a crucial step for the agent. The closing disclosure outlines all the terms related to the transaction, including the loan details, closing costs, and other financial aspects that have a direct impact on the buyer and seller. By carefully reviewing this document, the agent ensures that all parties understand their financial obligations and that there are no discrepancies. This step is essential for preventing future disputes and ensuring a smooth transaction, as the closing disclosure must be accurate and compliant with regulatory requirements. The review also allows the agent to clarify any questions the client may have before the transaction is finalized.

The importance of this action is amplified by the fact that the closing disclosure must be provided to the borrower at least three days before the closing date, allowing sufficient time for any questions or corrections to be addressed. This attention to detail contributes significantly to the success and legality of the closing process.