The closing statements of all transactions in which a real estate broker participates must show all of the following except

• A. Dates of adjustments
• B. Names of payees, makers, and assignees of notes paid, made or assumed
• C. Records of title insurance
• D. Clear evidence of title

Answer: (D)

The closing statement is an accounting document for the transaction. It itemizes the financial aspects: dates of adjustments (such as taxes, utilities, rents), the parties involved in notes (payees, makers, and assignees of notes that are paid, created, or assumed), and the costs related to title protection, including the title insurance premium and policy details. These items are all about the money and the parties to financial instruments in the deal.

What it does not provide is evidence of title. Clear evidence of title comes from title documents—such as a title search or title commitment and the actual title insurance policy or deed—handled outside the closing statement. The closing statement summarizes who pays what and who receives what, not the legal proof of title itself.

So, while closing statements should reflect dates of adjustments, the names related to notes, and records/fee details for title insurance, they do not contain the actual clear evidence of title.