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The answer to this question is YES. The accepted practice in real estate industry is for the buyer to submit an offer to purchase a property either alone or through an agent. The buyer will then select a title company.
In ?Attorney States?, a licensed attorney must be present at and have control over the closing. This includes reviewing the title search, preparing affidavits, receiving and disbursing all money. Several east coast states are attorney states: Georgia, South Carolina and North Carolina.
Even though North Carolina is an attorney state, the title company plays a pivotal role in the closing. The attorney submits the title work to the title company so the property can receive title insurance.
Am I Required To Have a Real Estate Lawyer at Closing in North Carolina? In North Carolina, a licensed real estate attorney must handle all residential real estate closings. However, the state does not require the lawyer to be physically present.
Is an attorney required for closing in North Carolina? Specifically, in the state of North Carolina, it is mandated by law that the closing process of a real estate transaction is overseen by a licensed North Carolina attorney as it is a practice of law.