Which of the following closing activities occurs on the day of closing?

On the day of closing, one of the critical activities that takes place is the transfer of funds. This is the moment when all financial transactions are finalized, ensuring that the seller receives the proceeds from the sale while the buyer secures their funding for the purchase. This transaction typically involves the disbursement of funds from the buyer's lender to the seller or their representative.

The title delivery and final walk-through are also important aspects of closing but usually precede the actual transfer of funds. The purchase agreement execution occurs much earlier in the process and is part of the initial steps of the transaction, not something that happens on the closing day itself. Understanding the sequence and timing of these activities helps clarify the closing process in real estate transactions.