Escrow & Title
In a Wisconsin closing, who is responsible for preparing the deed?
AThe buyer's real estate agent
BThe listing broker
CThe seller's attorney or the title company✓ Correct
DDSPS
Explanation
In Wisconsin, the deed is typically prepared by the seller's attorney or the title company handling the closing. The deed must meet all statutory requirements and be signed by the grantor (seller).
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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