Final answer:
The closing is always the final step in executing a real estate transaction.
Step-by-step explanation:
The closing is always the final step in executing a real estate transaction. It is the point at which the buyer and seller complete the transfer of ownership and all necessary documents are signed and recorded.
During the closing process, the parties involved, including the buyer, seller, real estate agents, and lender, come together to finalize the deal. This involves reviewing and signing the closing documents, exchanging funds, and transferring the title from the seller to the buyer.
Once the closing is complete, the buyer officially becomes the owner of the property, and the transaction is considered fully executed.