Finance
In Louisiana, 'seller concessions' in a real estate transaction refer to:
APrice reductions given by the seller
BCredits from the seller toward the buyer's closing costs, prepaid items, or interest rate buydown — within limits set by the loan program✓ Correct
CProperty repairs the seller agrees to make
DCommission discounts offered by the seller's agent
Explanation
Seller concessions are credits provided by the seller toward the buyer's closing costs, prepaid items, or discount points — reducing the buyer's out-of-pocket expenses at closing. Lenders typically limit concessions as a percentage of the sale price (e.g., 3-6%).
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