Escrow & Title
In Montana, the duty to record a deed after closing typically falls on:
AThe seller's attorney
BThe title company or escrow agent, who records documents as part of the closing process✓ Correct
CThe buyer, who must personally deliver the deed to the county recorder
DThe real estate agents for both parties jointly
Explanation
In Montana real estate closings, the title company or escrow agent typically handles the recording of the deed and other closing documents as part of their closing services. Recording ensures the buyer's ownership is protected from subsequent claims.
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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).
EscrowA neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
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.
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