Escrow & Title
Which of the following parties at closing would typically receive a credit on the settlement statement?
AThe seller for unpaid property taxes (taxes accrued but not yet paid)
BThe buyer for earnest money already deposited✓ Correct
CThe lender for loan fees
DThe broker for commission earned
Explanation
Earnest money previously deposited by the buyer is credited to the buyer at closing, reducing the amount the buyer must bring to the settlement table.
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