I believe we all will do/be better when we accentuate the positive aspects of real estate (and life). In the meantime - study hard, take lots of practice tests and good luck on your state licensing exam.

Answers in the Blueman manual

What was the mistake, and who made it?

Depends on the mistake and if  it is corrected or not.

It would depend on the mistake and who was at fault.

We recently had a past water bill that didn't show on the liens. Lots of drama for the buyer who had to come out of pocket to turn on the utility. But in the end the seller made it right.

I have no idea, I assume the lender would have some fixing to do and there would be a delay in closing the escrow.

It all depends upon the mistake.

The best approack is avoiding mistakes altogether on the CD!

Mistake in regard to what? Could be significant or could be no big deal.

In any event, the company preparing the closing statement has to stand behind their product.

What mistake was made and who made the mistake and in what state did the mistake occur?

I would say that any mistake that cause the buyer or seller to pay too much or too little could be corrected. The lender is the one who could get hurt.

The allocation of funds would not go to the appropriate party or be credited correctly. Or the brokerage may not be paid the appropriate commission. 

Many good responses!

It happens. That's why it is so important to check every line, ask questions, and make necessary corrections before signing any documents, especially the closing statement.

The buyers and sellers settlement statements get sent to the agents to check over to see if there are any errors. I don't go through the final documents that need to be notarized by the principals. I do make sure all the "disclosures" are signed by everyone as required that the real estate commission demands of us, the real estate agent/broker. If the principals have been less than forthcoming and I don't know about it, that can come back to bite the buyer or seller after closing. If discovered BEFORE closing, it should be corrected immediately and all parties to the transaction notified in writing. Is this what you were asking?

Buyers and sellers are normally notified by the escrow closing agent of any corrections that need to be made to the closing documents. Consequences depends on what mistake was made. 

 See an Attorney.

Are you asking about a Disclosure of some kind or actual Closing Documents?  They are very different.

Either way, it could be from insignificant to serious... depending on the error. 

That would depend on the mistake. 

A new closing discosure.

It would be time for a correction.

Who made this mistake?

They become Avitars...

Wide open question...need more info

Depends.

I heartily agree with Michael Jacobs .  I have worked with many professions, they don't spend time pointing out negatives.  A

Depends on the issue I would think.

in MA, the attorneys would have some explaining to do..... they receive the documents and they fill in the figures for closing.... 

From no consequence to "Here come da Judge."

It is never a good idea to place a seller in a situation they must PROVE what they do not know. That is IMPOSSIBLE to prove. 

Depends on the nature of the error.

Would think the lender needs to correct it.

Who made the mistake? That is step one!

Dave Halpern nailed this one!