What occurs during a real estate closing?

During a real estate closing, the primary activities involve the transfer of ownership from the seller to the buyer which includes the signing of critical documents such as the deed, mortgage documents, and closing statement. This process is crucial as it officially marks the completion of the transaction, allowing the new owner to take possession of the property. The delivery of the title signifies legal ownership, making it a fundamental aspect of what happens during a closing.

The other options represent activities that occur at different times in a real estate transaction but not specifically during the closing process. For instance, a property inspection typically takes place earlier in the buying process to ensure the property is in satisfactory condition prior to final agreement. Selecting a new tenant is not related to the closing of a sale, as it pertains more to leasing arrangements. Similarly, negotiating rental terms is part of the leasing process and not applicable to a real estate closing, which focuses on the sale of property ownership.