Legal-Ease: What is a real estate closing?

In the context of real estate, a common word that is mentioned is “closing”. Closing is technically the literal place and time where the sale and purchase of real estate is finalized with the seller getting money and the buyer getting the deed to the property, often along with possession of the property. Business transactions where money and property, including businesses, are exchanged are also called “closings”, but most people experience closings in the context of real estate.