Escrow & Title
Which of the following items would appear as a debit to the seller on the closing statement?
AEarnest money credit
BReal estate commission✓ Correct
CLoan origination fee
DOwner's title insurance premium (when paid by buyer)
Explanation
The real estate commission is charged to (debited from) the seller's proceeds at closing. Other typical seller debits include payoff of existing mortgage(s), transfer taxes, and any credits agreed to be given to the buyer.
Related Arkansas Escrow & Title Questions
- Which of the following liens has the HIGHEST priority regardless of when it was recorded?
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