Which disclosure provides an itemized listing of costs associated with a real estate transaction?

The correct choice is the Closing Disclosure, which serves as a comprehensive document detailing all costs associated with a real estate transaction. This disclosure is provided to borrowers three days before closing, allowing them to review and understand the final terms of their mortgage, including loan details and all associated fees.

The Closing Disclosure includes itemized costs such as loan origination fees, title insurance, recording fees, and any other charges that must be paid at closing. This detailed breakdown helps borrowers become fully aware of their financial obligations and helps prevent last-minute surprises on closing day.

In contrast, other options serve different purposes. The Loan Estimate provides an early overview of loan terms and estimated costs but is not finalized and lacks the itemization present in the Closing Disclosure. The Truth in Lending Statement outlines the costs associated with borrowing, including the Annual Percentage Rate (APR), but does not provide a full breakdown of transaction costs. The Settlement Statement, similar to a Closing Disclosure, is used to summarize costs related to closing; however, the specific term "Closing Disclosure" has been mandated under current regulations to ensure clarity and transparency for consumers.