Contracts
In a Texas real estate transaction, the 'closing' refers to:
AThe day the buyer first views the property
BThe settlement of all financial obligations, execution of loan documents, transfer of title, and disbursement of proceeds✓ Correct
CThe day the listing agreement expires
DOnly the recording of the deed
Explanation
Closing (settlement) is when all parties fulfill their remaining obligations: the buyer signs loan documents, pays closing costs and remaining down payment; the seller signs the deed; the title company disburses funds and records instruments.
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