Site: nolo.com
... Simply put, a closing is the final performance of all of the agreements you, the buyer, made with the ... The seller pays off the old loan and pays commissions to the real estate agents (per the listing agreement ... keys and allowed to take possession immediately or shortly after the closing, unless you have made an agreement ... your contract with the seller will be met, completed, or delivered, unless you have made post-closing agreements ... Common post-closing agreements involve reimbursements for real property taxes when the exact amounts ...