Escrow & Title
In Kansas, which of the following is typically a seller's closing cost?
AThe buyer's mortgage origination fees
BThe cost to pay off the existing mortgage, real estate commission, and potentially owner's title insurance✓ Correct
CThe buyer's prepaid interest and insurance
DThe buyer's property tax escrow deposits
Explanation
Sellers typically pay: payoff of existing mortgage(s), real estate commission, and in many Kansas markets, the owner's title insurance. Buyers typically pay their own loan costs and prepaids.
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