A closing agent is a neutral third party who handles the closing of a real estate transaction, ensuring the details of the purchase agreement are fulfilled. They prepare the necessary documentation and may conduct the closing meeting.
The term 'Counselor' is commonly used interchangeably with 'attorney' or 'lawyer' to refer to an attorney at law. In a broader context within the real estate industry, it can also refer to an individual who provides specialized services required for specific loan programs or offers advice on financial matters related to real estate transactions. Comparable terms include Counselor of Real Estate.
A dummy corporation is an entity established to facilitate business transactions on behalf of a principal by superficially holding certain assets or liabilities.
