Duties of a Real Estate Closing Agent

A closing agent is responsible to perform numerous functions prior to and during the closing, including:

• Ordering title work;
• Ordering survey;
• Assisting in obtaining required insurance;
• Communicating with mortgage broker;
• Communicating with lender;
• Issuing title commitment;
• Preparing closing statement;
• Completing loan closing package;
• Conducting closing;
• Disbursing closing funds
• Preparing DR 219 for recording documents
• Recording documents
• Forwarding recorded documents to parties and lender
• Issuing and spending title insurance policies to lender and buyer; and
• Preparing and filing Firm 1099, if applicable

The attorney for either the buyer or seller may act as the "closing agent" to close a Florida real estate transaction.  The contract should always set forth which party shall select and pay for these services.  In most instances, it is best to have an attorney close a real estate transaction especially when it does not cost any more than using a title company, because of the added advantage of having legal representation on stand-by should those services be needed.

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