What is one of the primary roles of the title company during a closing?

Prepare for the Waco Title Insurance Test. Study with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Get ready for your exam!

The title company's primary role during a closing is to facilitate the transaction, ensuring that all documents are properly executed and that funds are transferred correctly. This involves overseeing the entire closing process, which includes collecting necessary documents, ensuring that title searches have been completed to confirm ownership and identify any liens or encumbrances, and ensuring compliance with regulatory requirements.

Facilitating the transaction also means serving as an intermediary between the buyer and seller, coordinating with lenders, and ensuring that all financial aspects are managed. This ensures a smooth transfer of ownership and helps protect the interests of all parties involved.

The other options do not accurately reflect the primary responsibilities of a title company. Negotiating the sale price is typically the responsibility of real estate agents or the parties directly involved in the transaction. Legal representation is usually provided by an attorney, not the title company. Appraising property value is a task assigned to licensed appraisers, not title companies. Therefore, the correct answer centers on the role of the title company in managing and facilitating the closing process effectively.

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