In a real estate closing, which entity is typically responsible for executing the closing and coordinating the transfer of funds and title?

• A. The buyer and seller jointly.
• B. The lender.
• C. The escrow company or title company.
• D. The seller's attorney.

Answer: (C)

At closing, a neutral settlement agent is responsible for executing the closing and coordinating the transfer of funds and title. The escrow or title company acts as the mediator, holding funds in escrow, collecting the buyer’s funds, and disbursing money to pay off any existing liens, cover closing costs, and deliver the seller’s net proceeds. They also prepare and exchange the necessary documents, arrange for the deed to be transferred, and handle the recording of the deed with the county to ensure the title officially passes to the buyer. Title insurance is typically arranged through this entity as part of the closing.

The lender provides financing and may require certain conditions or documents, but they do not typically execute the closing or coordinate the transfer of title. The seller’s attorney may represent the seller’s interests, but the closing itself is handled by the neutral escrow/title company. That neutral coordination is why the escrow or title company is the best answer.