Contracts
In Delaware, which party generally controls the choice of settlement company in a residential transaction?
AThe lender always selects the settlement company
BRESPA gives either party the right to choose; the party paying typically selects, and sellers cannot require buyers to use a specific company✓ Correct
CThe listing broker always selects the settlement company
DThe buyer's attorney must serve as the settlement agent in Delaware
Explanation
Under RESPA, a seller cannot require the buyer to use a specific title company or settlement service provider as a condition of the sale. Delaware is an attorney closing state, so an attorney must supervise the closing.
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