In NC, the seller's attorney typically handles which task at closing?
Why Examining title, preparing the deed and closing documents, and disbursing funds Is Correct
Answer B: Examining title, preparing the deed and closing documents, and disbursing funds
Exam Tip: Escrow & Title
Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.
Key Escrow & Title Terms in This Question
People Also Study
Related North Carolina Questions
- At a NC residential closing, who typically prepares the deed?Escrow & Title
- A NC real estate transaction where the closing attorney discovers the seller's deed was fraudulently obtained should result in:Contracts
- A North Carolina attorney issues a title opinion (certificate of title) to:Escrow & Title
- North Carolina is an 'attorney closing state,' which means:Escrow & Title
- The 'settlement statement' (Closing Disclosure) at a NC closing shows:Escrow & Title
Key Terms to Know
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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.
EscrowA neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.
Study This Topic
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →