Escrow & Title
In North Carolina, the closing of a real estate transaction must be supervised by:
AA licensed real estate broker
BA licensed title insurance agent
CA licensed attorney✓ Correct
DA certified closing agent
Explanation
North Carolina is an attorney-closing state. A licensed NC attorney must supervise the closing to ensure all legal documents are properly prepared, executed, and recorded.
Related North Carolina Escrow & Title Questions
- In North Carolina, the deed of trust is used instead of a mortgage. The deed of trust involves how many parties?
- A NC lender who receives a payoff of the mortgage on a property must record a satisfaction within how many days?
- In NC, 'gap coverage' in a title insurance policy protects against:
- In NC, recording a deed in the Register of Deeds provides:
- A 'title search' in NC involves:
- ALTA (American Land Title Association) title insurance policies are:
- In NC, 'marketable title' means:
- Earnest money held in a broker's trust account in NC belongs to:
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