What entity typically handles the escrow of funds in a real estate transaction in Louisiana?

In Louisiana, the typical entity that handles the escrow of funds in a real estate transaction is a closing attorney. This role is crucial in managing the funds and documents to ensure that all aspects of the transaction are completed in compliance with state laws. The closing attorney is usually responsible for holding the earnest money deposit in escrow, preparing the closing documents, and facilitating the closing process. This helps to ensure that both the buyer and seller fulfill their obligations before the funds are released.

A real estate broker may assist in the transaction by providing services related to property sales and ensuring compliance with real estate laws, but they do not usually manage escrow funds directly. A loan officer’s primary focus is on financing and lending, so they do not typically deal with escrow functions. Meanwhile, a notary's role is to witness and verify documents, rather than manage escrow accounts. Thus, the closing attorney is the appropriate entity for handling escrow in a real estate transaction in Louisiana.