Contracts
In Alabama, the term 'closing' or 'settlement' in a real estate transaction refers to:
AThe signing of the listing agreement
BThe meeting where documents are signed, money is exchanged, and title passes✓ Correct
CThe removal of all contingencies from the contract
DThe final walkthrough inspection
Explanation
Closing (or settlement) is the final step where the buyer and seller sign required documents, funds are disbursed, and the deed is delivered, transferring title to the buyer.
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