Escrow & Title
At closing in Indiana, the deed is typically delivered to:
AThe listing broker for safekeeping
BThe buyer after recording at the county recorder's office✓ Correct
CThe Indiana Real Estate Commission
DThe seller's attorney
Explanation
Upon closing, the deed is recorded at the county recorder's office and then delivered to the buyer, establishing the buyer as the new owner of record.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Math Concepts
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