Escrow & Title
In Illinois, what is the typical role of the title company or attorney at a real estate closing?
ATo represent only the buyer
BTo represent only the seller
CTo act as a neutral closing agent, facilitating document execution and fund disbursement✓ Correct
DTo provide legal advice to both parties simultaneously
Explanation
In Illinois, the title company or closing attorney acts as a neutral closing agent responsible for coordinating the closing, ensuring documents are properly executed, collecting and disbursing funds, recording the deed, and issuing title insurance. They do not represent either party but facilitate the transaction.
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