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Glossaries

  • Real Estate Terms
Term Definition
Closing

This term has different meanings in different states. In some states a real estate transaction is not consider "closed" until the documents are recorded at the local recorders office. In others, the "closing" is a meeting where all of the documents are signed and money changes hands. In most states, both definitions apply when a transaction for the sale and purchase of real estate is deemed as "closed".

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