Escrow & Title
A Minnesota real estate closing is being conducted through a mail-away or remote closing. Which issue is most critical to address?
AThe buyer must be physically present to obtain keys
BAll documents must be properly executed and notarized before or at the designated closing time✓ Correct
COnly the buyer needs to sign documents remotely; the seller must appear in person
DRemote closings are prohibited in Minnesota
Explanation
Remote and mail-away closings require careful coordination to ensure all documents are properly executed, notarized (where required), and received by the closing agent before or at the closing time. Minnesota has authorized remote online notarization (RON), allowing documents to be notarized electronically. Timing coordination between lenders, title companies, and parties is critical for remote closings.
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