Who is responsible for ensuring that the closing statement is accurate?

The closing agent or attorney is responsible for ensuring that the closing statement is accurate. This professional plays a crucial role in the real estate transaction process, as they handle the final steps in the sale, including preparing, reviewing, and finalizing all documents required for closing. They ensure that all financial details, such as costs, fees, credits, and adjustments, are reflected correctly on the closing statement.

The accuracy of this document is vital as it outlines the financial transactions involved in the sale, providing transparency to all parties. The closing agent or attorney verifies that all agreed-upon terms from previous negotiations are met, ensuring that the figures presented in the statement are correct and fully represent the transaction. This professionalism protects the interests of both the buyer and seller, guiding them through the complexities involved in finalizing the sale.

While other parties, such as the real estate agent, buyer, and seller, may have input or need to review certain aspects of the closing statement, it is ultimately the responsibility of the closing agent or attorney to confirm its accuracy and compliance with applicable laws and regulations.