Closing
California Association of Realtors
Updated 10-31-2026
Closing
The meeting at which a home sale is finalized. The buyer signs the mortgage, pays closing costs and receives title to the home. The seller pays closing costs and receives the net proceeds from the home sale.
California Association of Realtors Glossary
California Association of Realtors · p. 3
FTC
Updated 10-31-2026
Closing
The process of completing a financial transaction. For mortgage loans, the process of signing mortgage documents, disbursing funds, and, if applicable, transferring ownership of the property. In some jurisdictions, clos-ing is referred to as "escrow," a process by which a buyer and seller deliver legal documents to a third party who completes the transaction in accordance with their instructions. See also "Settlement."
FTC Real Estate Terms
FTC · p. 3
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