Where this fits on the exam
| 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 |
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.
The lesson
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 1A Georgia brokerage schedules buyers to sign their loan and deed documents with a notary, and the lawyer plans to review the file the next day. What is the problem?
- A. Nothing, as long as the notary is licensed in Georgia
- B. A Georgia lawyer must conduct and control the closing
- C. The lender, not a lawyer, should run the closing
- D. The broker must attend to witness the signatures
Show answer and explanation →
Answer: B. A Georgia lawyer must conduct and control the closing
Georgia requires a lawyer to conduct the closing and control the legal work, and after-the-fact review does not satisfy that. The notary answer is plausible because notaries handle signings in many states, but a Georgia signing without the lawyer in control is not a proper closing.
- A. Incorrect. Notarizing signatures does not supply attorney control of Georgia's legal closing process.
- B. Correct. A Georgia attorney must conduct and control the closing; a next-day file review does not accomplish that.
- C. Incorrect. The lender authorizes funding, but that does not replace the attorney's closing role.
- D. Incorrect. A broker's attendance does not cure a closing conducted without attorney control.
Question 2Before closing, the buyer asks the listing broker whether an old recorded easement will affect the title. What should the broker do?
- A. Refer the title question to the closing attorney
- B. Give an opinion based on past experience
- C. Say the title insurer will ignore it
- D. Advise the buyer to waive the objection
Show answer and explanation →
Answer: A. Refer the title question to the closing attorney
Opinions on title are legal work that belongs to the closing attorney, while the broker's job is coordinating facts and contract duties. Offering an opinion from experience is wrong because a broker who does it is practicing law.
- A. Correct. The attorney can assess the recorded easement's legal effect on title.
- B. Incorrect. Brokerage experience does not qualify the broker to render a title opinion.
- C. Incorrect. An insurer's treatment cannot be assumed before the title issue is examined.
- D. Incorrect. Waiving the issue without legal review can expose the buyer to an unassessed title risk.
Question 3At a Georgia closing, the sellers sign the deed at 10 a.m., the lender wires funds at 2 p.m., and the deed is recorded the next morning. Which step gives public notice of the buyer's ownership?
- A. Signing the deed
- B. Funding the loan
- C. Recording the deed
- D. Holding the walk-through
Show answer and explanation →
Answer: C. Recording the deed
Recording puts the deed in the public record, which gives notice to everyone else. Signing is the wrong answer because it feels like the moment of sale, but signing, delivery, funding and recording are separate steps with separate effects.
- A. Incorrect. Signing executes the deed but does not put it in the public record.
- B. Incorrect. Funding the loan moves money; it does not record the buyer's deed.
- C. Correct. Proper recording in the county records provides constructive public notice.
- D. Incorrect. A walk-through checks property condition and does not establish public notice of ownership.
Ready to move on?
You are ready for the next lesson when all of these are true.
- Put contingency review, title work, signing, funding, and recording in a sensible order.
- Explain the closing lawyer's role and the broker's role without confusing them.
- Explain why signing, ownership transfer, and possession may occur at different times.
- Answer the practice questions without looking back, then explain why the other choices fail.
- Explain the worked example in your own words and identify the fact that decides the answer.
- Retest this topic on another day in a mixed question set.
Recommended next lesson
Continue with Closing Statements, Debits, Credits, Prorations, and Funds. After the steps of a lawyer-run closing, the next lesson follows the money: how debits, credits and prorations land on the settlement statement to produce the buyer's cash to close and the seller's proceeds.
Return to the Finance and Closing hub for the complete official branch and the full lesson list for this Georgia group.