Escrow & Title
A Kentucky property closing statement (settlement statement) itemizes:
AOnly the commission paid to the broker
BAll credits and debits for both the buyer and seller✓ Correct
COnly the buyer's closing costs
DOnly items required by KREC
Explanation
A closing statement (ALTA/HUD-1 or Closing Disclosure) itemizes all financial aspects of the transaction for both the buyer and seller, including credits, debits, and closing costs.
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