Finance
A Kansas buyer makes a 'below-market' offer contingent on seller financing at 4% interest when market rates are 7%. The seller agrees. This is best described as:
AA below-par transaction
BSeller carry-back financing at a below-market rate, common in buyer's markets or when sellers have low-basis properties✓ Correct
CAn illegal transaction requiring KREC approval
DA federally prohibited arrangement
Explanation
Seller financing at below-market rates is legal and can be beneficial to both parties — sellers may command a higher price, and buyers get below-market financing.
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