Who is a closing agent?

A closing agent is primarily responsible for coordinating the closing process in a real estate transaction. This role involves preparing and reviewing essential documentation, ensuring that all necessary paperwork is in order for the transfer of property, and overseeing the settlement process to ensure that all parties meet their obligations and responsibilities. The closing agent acts as a neutral third party, facilitating the transaction between the buyer and seller, and ensuring that the funds are handled appropriately. This function is critical to the successful execution of the closing, making sure that everything is done in compliance with applicable laws and regulations.

In contrast, the other choices do not capture the essence of the closing agent's role. A party that guarantees financing for a property purchase refers to lenders or financial institutions rather than a closing agent. A buyer in a real estate transaction is an individual looking to purchase property, while an attorney representing the seller is a legal advocate for the seller's interests. Each of these roles serves a different purpose and context within the real estate transaction process, but none fulfill the comprehensive responsibilities of the closing agent.