To whom must the listing broker deliver the closing statement after a transaction consummation?

After a real estate transaction is completed, the listing broker is required to deliver the closing statement to the seller. This document outlines all the financial aspects of the transaction, including the sale price, any fees, and the distribution of funds. The seller has a vested interest in this information, as it directly impacts the proceeds they receive from the sale of their property.

Providing the closing statement to the seller ensures transparency and helps them confirm that all financial obligations have been accurately accounted for. The information within the closing statement is crucial for their records and for potential tax purposes, as it may provide evidence needed for capital gains reporting or other financial matters related to the sale.

While buyers also receive closing statements, the specific question asked about the role of the listing broker primarily centers on the seller, who is their client, making it imperative for the broker to fulfill this obligation directly to them.