Escrow & Title
At closing in South Carolina, the closing attorney's primary responsibilities include all of the following EXCEPT:
AConducting the title search
BPreparing closing documents
CDisbursing funds to all parties
DAppraising the property✓ Correct
Explanation
The closing attorney handles title examination, document preparation, closing conduct, and fund disbursement. Property appraisal is done by a licensed appraiser, not the closing attorney.
Related South Carolina Escrow & Title Questions
- Which of the following would appear as a debit to the seller on the South Carolina closing statement?
- In South Carolina, the 'chain of title' is best described as:
- Which of the following is a 'credit' to the buyer on the South Carolina closing statement?
- In South Carolina, who is typically responsible for paying for the owner's title insurance policy?
- What document in South Carolina conveys title to real property that was previously held as collateral under a deed of trust after the loan is paid off?
- South Carolina is an 'attorney state' for real estate closings. This means:
- A South Carolina closing attorney prepares a 'HUD-1 equivalent' or Closing Disclosure showing the seller's side. What is a typical credit to the seller?
- A South Carolina title search examines public records to verify:
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