The biggest difference between closing a residential real estate transaction and commercial real estate transaction is the use of entities, rather than individuals, in the ownership of the subject property. Commercial real estate is rarely owned by individuals because of the desire to limit liability and the demands of capital sources. A commercial real estate closing will generally involve a more formal escrow process than in a residential transaction. Typically, the Closing Agent will agree to hold the money in escrow, collect and record all documents, and wire out the monies to complete the transaction.