Which documents are typically required for a closing in North Dakota?

The correct response highlights the essential documents that are commonly required for a closing in North Dakota. During a real estate closing, the closing statement provides a detailed account of the financial transaction, listing necessary costs, credits, and debits for both the buyer and seller. The deed serves as the official document that transfers ownership from the seller to the buyer. Title insurance is crucial because it protects the buyer and lender from any potential legal claims against the property that could arise after the purchase. Additionally, required disclosures ensure that all pertinent information about the property is formally acknowledged, which is vital for transparency and legal compliance.

The other documents mentioned in the choices do not specifically pertain to the closing process in the same way. For example, lease agreements and security deposit receipts are relevant to rental situations rather than property sales. Mortgage agreements and insurance policies relate more to financing and protection rather than the finalization of a property transaction. Similarly, while property appraisals and home inspection reports are important for assessing property value and condition, they are typically considered prior to closing rather than during the closing itself. This makes option B the only choice that accurately reflects the critical documentation required at a property closing in North Dakota.