In most Florida transactions the seller pays the title insurance premium and gets to select the closing agent for the transaction. This is a very important role in the real estate transaction. The closing agent takes the transaction from contract to closing to issuance of the title policy after closing.
Using an attorney as a closing agent helps insure a smooth and uneventful closing. Using an experienced real estate attorney as the closing agent can be an important step in resolving any title issues that may arise.
In most cases, Mr. Pankow does not charge legal fees for the closing only standard closing fees that are competitive with a title insurance agency that has no attorney on staff.