Escrow & Title
In Louisiana, which of the following is typically prorated between buyer and seller at closing?
AThe real estate commission
BProperty taxes, prepaid rent, and homeowner association fees for the period of ownership✓ Correct
CThe title insurance premium
DThe notary's closing fee
Explanation
Items that are prorated at a Louisiana closing typically include property taxes (paid in arrears in Louisiana), prepaid rents on income property, HOA dues, and other ongoing costs allocated based on the actual days each party owned the property during the billing period.
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