Finance
Which of the following best describes 'seller concessions' in a real estate transaction?
AThe seller reducing the sale price
BThe seller paying a portion of the buyer's closing costs as part of the negotiated sale✓ Correct
CThe seller contributing to the buyer's down payment
DThe seller retaining a life estate after the sale
Explanation
Seller concessions are when the seller agrees to pay some of the buyer's closing costs as part of the negotiated sale, effectively reducing the buyer's out-of-pocket costs at closing.
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