Who should receive a copy of the Closing Disclosure?

The Closing Disclosure is a critical document in real estate transactions, as it provides detailed information about the loan terms, closing costs, and other financial aspects of the deal. It's essential that all parties involved in the transaction have access to this information to ensure transparency and understanding.

When a buyer is purchasing a home, both the buyer and seller need to be informed about the closing costs and the financial implications of the sale. This document helps prevent misunderstandings and disputes by clearly outlining these details. Additionally, brokers play a key role in facilitating the transaction and providing guidance to their clients. By receiving a copy of the Closing Disclosure, brokers can better assist their clients and ensure that everything is in order before the closing takes place.

Thus, having the buyer, seller, and broker(s) receive a copy of the Closing Disclosure ensures that all relevant parties are on the same page and can address any questions or concerns effectively. This collaborative approach is crucial for a smooth closing process.