Contracts
A Maine seller provides a $10,000 seller concession toward buyer closing costs. This amount is subtracted from:
AThe purchase price agreed upon
BThe seller's net proceeds at closing✓ Correct
CThe buyer's down payment
DThe broker's commission
Explanation
Seller concessions are paid from the seller's proceeds at closing. The purchase price remains as agreed, but the seller receives less net proceeds because they are contributing to the buyer's closing costs.
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