David Saks: March 2009

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 52

                                                          business

What is traditionally considered to be the last step in a real estate transaction ?

Take your time. The solution is posted below the wildlife photo.

 wildlife

A. The closing

Closing is generally considered to be the last thing that takes place in any real estate transaction.

All monies are excvhanged, title transfer takes place and the deed is handed over.

Another term for closing is escrow or 'going to settlement'.




David Saks



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Comment balloon 0 commentsDavid Saks • March 17 2009 10:42PM
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