Definition
A document itemizing all financial details of a real estate transaction at closing.
Example
The settlement statement reconciled the payoff, prorations, commissions, and net proceeds.
Related terms
Frequently asked questions
What does Settlement Statement mean in real estate?
A document itemizing all financial details of a real estate transaction at closing.
How is Settlement Statement used in practice?
The settlement statement reconciled the payoff, prorations, commissions, and net proceeds.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.