Final answer:
Licensed escrow agents, individuals acting under their direction, and licensed title agents are authorized to perform escrow closing functions in real estate transactions.
Step-by-step explanation:
Who can perform escrow closing functions? The correct entities who are typically authorized to perform escrow closing functions are: 2) a licensed escrow agent, 3) someone acting under the direction of a licensed escrow agent, and 4) a licensed title agent. While a realtor® often plays a crucial role in the process of buying and selling property, the actual escrow closing is not usually handled by realtors.
Instead, this role is reserved for licensed professionals who are specifically authorized to handle escrow transactions. These licensed agents ensure that the escrow process, which includes holding and disbursing funds for home insurance and property taxes, is handled by state and federal regulations.