After a contract has been signed by both the buyer and the seller, which duty is NOT typically performed by the licensee to facilitate closing?

The choice indicating that contacting the buyer to set the loan application appointment is not typically performed by the licensee reflects an important aspect of the real estate closing process. Once a contract is signed by both parties, there are specific duties that a real estate licensee usually undertakes, largely focused on facilitating the transaction between the buyer, seller, and third parties involved in the closing process.

In most cases, the buyer is responsible for their financing arrangements, including setting up their loan application with their chosen lender. This task falls within the buyer's domain as they must communicate directly with their lender to initiate the application process. The licensee's role at this stage primarily centers around ensuring that all necessary documents are prepared, coordinating the settlement date with both parties, and maintaining communication with title companies to ensure that all aspects of the transaction are on track for a successful closing.

By understanding that the responsibility for setting the loan application appointment typically lies with the buyer rather than the licensee, it highlights the boundaries of the licensee's role in facilitating a real estate transaction post-contract signing. This clarification is essential to delineate the responsibilities of the various parties involved in the closing process.