Escrow & Title
In West Virginia, when the buyer and seller have different attorneys at closing, the title company's settlement agent:
ARepresents the buyer exclusively
BRepresents the seller exclusively
CServes as a neutral facilitator to complete the closing, not as attorney for either party✓ Correct
DActs as the broker's agent to ensure commission payment
Explanation
The title company's settlement agent facilitates the mechanics of closing (preparing documents, collecting and disbursing funds) but does not provide legal representation to either party. Each party's attorney represents their respective client's legal interests.
Related West Virginia Escrow & Title Questions
- In West Virginia, a buyer's lender requires a lender's title insurance policy. This policy protects:
- In West Virginia, a general warranty deed provides the grantee with:
- A deed of trust in West Virginia differs from a mortgage primarily because:
- A West Virginia buyer purchases a home for $300,000. The state transfer (excise) tax owed at closing is:
- For a deed to be valid and convey real property in West Virginia, it must include all of the following EXCEPT:
- The 'chain of title' for a West Virginia property refers to:
- An owner's title insurance policy in West Virginia protects:
- A special warranty deed in West Virginia provides that the grantor warrants title only against:
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →