Escrow & Title
In Wisconsin, real estate closings are typically conducted by:
AThe buyer's and seller's attorneys always
BTitle companies, attorneys, or escrow agents✓ Correct
CReal estate brokers acting as escrow agents
DThe DSPS directly
Explanation
In Wisconsin, closings are commonly handled by title companies, attorneys, or independent escrow agents. While attorneys often participate, they are not legally required to conduct all closings.
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Key Terms to Know
Escrow
A neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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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