What is the primary role of the licensee during the closing process?

The primary role of the licensee during the closing process is to facilitate communication and documentation. This involves ensuring that all parties involved—buyers, sellers, lenders, and any other relevant entities—are kept informed about the status of the transaction and any necessary paperwork. The licensee coordinates the flow of information, helps to ensure that all required documents are signed and submitted on time, and addresses any questions or concerns that may arise throughout the closing process.

By facilitating effective communication, the licensee plays a crucial role in minimizing misunderstandings and ensuring that the closing goes as smoothly as possible. It's their responsibility to make sure that all legal and procedural requirements are met, which requires a thorough understanding of the relevant laws and closing practices.

In contrast, acting as the escrow agent would involve holding funds and documents until the transaction is complete, which is not typically the role of a real estate licensee. Additionally, negotiating additional repairs usually falls outside the closing process, as this typically should be resolved beforehand. Finalizing the transaction without further input is also not aligned with the active role a licensee takes in managing relationships and communications during closing.