Settlement Agent
/ˈsɛtlmənt ˈeɪdʒənt/
Definitions
- (n.) A party or entity that facilitates the completion of a real estate transaction by managing the exchange of documents, funds, and title transfer between buyer and seller.
The settlement agent coordinated the closing documents and ensured the funds were properly disbursed.
Forms
- settlement agent
- settlement agents
Related terms
See also
Commentary
The term primarily applies in real estate law, where the settlement agent acts as a neutral intermediary ensuring proper transfer of ownership and payment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.