Escrow & Title
In Virginia, a 'wet settlement' means:
AThe closing occurs during rainy weather
BThe seller receives sale proceeds and the buyer receives the deed at the same closing table✓ Correct
CFunds are disbursed before the deed is recorded
DThe closing is conducted by a licensed attorney
Explanation
Virginia is a 'wet settlement' state, meaning the buyer receives the keys and the seller receives the proceeds at the same closing, with simultaneous exchange of deed and funds.
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