What is the main role of a closing agent?

The main role of a closing agent is to manage the closing process, which includes finalizing all necessary paperwork and disbursing funds. This is a crucial function in real estate transactions, as the closing agent ensures that everything is in order before the transfer of property ownership takes place. They coordinate between all parties involved, including buyers, sellers, lenders, and real estate agents, to ensure a smooth transaction.

Finalizing the paperwork involves preparing and reviewing crucial documents such as the deed, settlement statement, and any other legal documents required for the transfer of ownership. The closing agent also oversees the disbursement of funds, ensuring that all payments are made to the appropriate parties, like the real estate agents, lenders, and sellers, as stipulated in the purchase agreement.

The other roles mentioned involve important aspects of real estate but do not pertain to the closing agent. Appraising property values is the responsibility of an appraiser, while representing buyers in negotiations typically falls to a real estate agent. Conducting property inspections is also not within the scope of the closing agent’s duties. Therefore, option B accurately captures the essential function of a closing agent in a real estate transaction.