Finance
In Idaho, who typically pays the real estate transfer taxes (excise taxes) at closing?
AThe buyer always pays
BThe seller typically pays, as it is customary in Idaho, though it is negotiable✓ Correct
CThe title company pays from escrow automatically
DTransfer taxes are equally split between buyer and seller
Explanation
In Idaho, it is customary for the seller to pay the real estate transfer tax (deed recording/excise tax), though the purchase contract can specify otherwise. The tax is based on the sale price.
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