Separation of Buyer and Seller Closing Disclosures

Closing a real estate transaction on time and based on clear and accurate information is a priority for real estate professionals, regardless of whether the agent is representing the buyer or the seller in the transaction. However, whether a real estate professional can obtain closing information for the buyer and/or seller is often not the same from transaction-to- transaction.

There are legal reasons for when a real estate professional can view buyer or seller information grounded in the TILA-RESPA Integrated Disclosure regulations (“TRID”) and federal and state privacy laws. The following summary addresses common issues experienced by real estate professionals as it relates to closing information.



RESPA provides consumers with improved disclosures of settlement costs & to reduce the costs of closing by eliminating referral fees and kickbacks.