Escrow & Title
In North Carolina, who typically handles real estate closings?
AReal estate agents
BTitle insurance companies without attorney involvement
CLicensed attorneys✓ Correct
DEscrow officers at banks
Explanation
North Carolina is an 'attorney closing state.' Real estate closings must be conducted by a licensed North Carolina attorney, who certifies title and disburses funds.
Related North Carolina Escrow & Title Questions
- A lender's title insurance policy in NC protects:
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- A 'commitment for title insurance' in NC is issued by the title company to:
- The trustee in a North Carolina deed of trust holds:
- A 'cloud on title' in North Carolina is best described as:
- In NC, a 'Closing Disclosure' must be delivered to the buyer at least how many business days before consummation of the loan?
- In NC, 'title exceptions' that appear in a title commitment refer to:
- Recording a deed in North Carolina's Register of Deeds provides:
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