In real estate, closing is the final step in purchasing — and financing — a home. ... Key Steps in the Closing Process. To ...

The seller typically pays the real estate agent's fees, but these fees, also called commissions, are split with the buyer's real estate agent at closing.

Even though the implementation date of Dec. 1, 2025, might feel like a distant milestone, implementing changes to customary procedures around residential real estate closing will take time ...