What is the exam-ready answer?
| Roadmap lesson | 158 of 500 |
|---|---|
| Official syllabus topic | Finance and Closing: Closing Procedures |
| Official PSI group | Finance and Closing |
| Published group count | 15 of the 52 Georgia questions |
| Exam portion | Georgia salesperson supplement |
| Source edition | PSI Georgia Candidate Information Bulletin dated July 1, 2026 |
| Law checked through | August 2, 2026 |
| Last verified | August 2, 2026 |
The Rule
PSI publishes 16, 21, and 15 items for the three Georgia groups. It does not publish a guaranteed subtopic count. The statute, current GREC rule, contract, or other cited primary authority controls each lesson.
Complete lesson
Read these concepts as one Georgia decision system. A plausible national rule can still be the wrong answer when the stem supplies a Georgia statute, instrument, role, or procedure.
Before closing
The parties satisfy contingencies, title and lender conditions, inspections, repairs, insurance, payoff requests, and closing-information deadlines.
Attorney control
The Georgia lawyer reviews or adopts legal documents, conducts the closing, addresses title, handles legal explanations, and coordinates authorized disbursement and recording.
Broker role
The broker tracks contract duties, communicates factual updates, delivers documents and funds through the authorized process, and avoids title or legal opinions.
Funding and recording
Signing, funding, deed delivery, possession, and recordation are related but distinct. The contract and closing instructions determine their timing.
Decision rule
Georgia rule and national contrast
Worked Georgia example
Scenario. A brokerage schedules buyers to sign loan and deed documents with a notary while the lawyer plans to review the file afterward.
Reason it through. Witness-only or after-the-fact lawyer involvement does not satisfy the lawyer's duty to conduct and control the legal closing.
Answer. A Georgia lawyer must control the closing process and legal work.
Common exam traps
- Treating signing as the whole closing
- Using a witness-only lawyer
- Letting a broker give a title opinion
- Assuming recordation and delivery are identical
Original practice questions with detailed explanations
These are original instructional questions mapped to the July 1, 2026 PSI outline. They are not copied from PSI or a live examination. Choose an answer before opening the explanation.
Question 1Which statement best states the Georgia rule for Georgia Real Estate Closing Process and Parties?
- A. Any notary may independently conduct a Georgia real estate closing.
- B. The brokerage may prepare and explain all legal documents without a lawyer.
- C. Put every party, document, dollar, and event in chronological order and assign each to the professional who owns it.
- D. Signing, funding, delivery, and recording always occur at the same legal moment.
Show answer and explanation →
Answer: C. Put every party, document, dollar, and event in chronological order and assign each to the professional who owns it.
The correct choice states the controlling rule. The other choices either remove a required element, replace Georgia authority with a generic assumption, or expand an exception beyond the cited source.
Question 2A brokerage schedules buyers to sign loan and deed documents with a notary while the lawyer plans to review the file afterward.
- A. Ignore the Georgia-specific fact because good intentions control.
- B. Apply the nearest national rule without checking Georgia authority.
- C. Let the participant with the strongest preference decide without following the required process.
- D. A Georgia lawyer must control the closing process and legal work.
Show answer and explanation →
Answer: D. A Georgia lawyer must control the closing process and legal work.
Witness-only or after-the-fact lawyer involvement does not satisfy the lawyer's duty to conduct and control the legal closing. The correct option follows that reasoning. The distractors ignore the controlling Georgia source, substitute intent for procedure, or give decision-making authority to the wrong person.
Question 3When solving Georgia Real Estate Closing Process and Parties, what should a candidate identify first?
- A. Name the step, document, and legal owner before deciding who acts or when the transaction is complete.
- B. The answer choice that sounds most ethical, without classifying the actor or document.
- C. One familiar deadline, applied to every Georgia transaction regardless of the source.
- D. A national default, even when the stem identifies a Georgia statute or GREC rule.
Show answer and explanation →
Answer: A. Name the step, document, and legal owner before deciding who acts or when the transaction is complete.
The decision rule identifies the facts that control this topic. The other choices reward tone, a memorized number, or a national default while skipping the Georgia actor, document, authority, or procedure.
Mastery tracking
Mark this Georgia lesson mastered only when every statement is true.
- State the direct answer and decision rule without notes.
- Explain all four concepts and identify the controlling Georgia source.
- Solve the worked example after changing one important fact.
- Reject every listed trap and explain what makes it tempting.
- Answer all three original questions correctly and explain every distractor.
- Repeat this topic in mixed Georgia practice on a later day.
Recommended next lesson
Continue with Closing Statements, Debits, Credits, Prorations, and Funds. Continue through the roadmap from lesson 158.
Return to the Finance and Closing hub for the complete official branch and every canonical lesson in this Georgia group.