Contracts
In Maine, a 'seller's concession' in a real estate contract means the seller agrees to:
AReduce the listing price before receiving offers
BContribute toward the buyer's closing costs or prepaid items✓ Correct
CAllow the buyer to move in before closing
DAccept a contingent offer unconditionally
Explanation
A seller's concession (closing cost credit) is an agreement by the seller to contribute a specified amount toward the buyer's closing costs or prepaid expenses, effectively reducing the buyer's out-of-pocket costs at closing.
Related Maine Contracts Questions
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