Escrow & Title
Proration at closing refers to:
ADividing the broker's commission between agents
BApportioning ongoing expenses (taxes, insurance, rents) between buyer and seller based on the closing date✓ Correct
CCalculating the loan origination fee
DAdjusting the purchase price for repairs
Explanation
Proration divides ongoing costs such as property taxes, insurance premiums, and prepaid rents between the buyer and seller proportionally based on the closing date so each party pays their fair share.
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