Escrow & Title
In a Connecticut closing, 'prorations' are made to ensure that:
ABoth parties pay equal closing costs
BEach party pays their fair share of recurring charges (taxes, HOA fees) based on their period of ownership✓ Correct
CThe broker's commission is divided equally
DAll liens are paid in full
Explanation
Prorations allocate recurring charges (property taxes, HOA dues, prepaid rent, utilities) between buyer and seller based on the number of days each party owns the property during the billing period.
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