Finance
A transfer tax in Maryland is typically:
APaid only by the buyer
BPaid only by the seller
CShared between buyer and seller✓ Correct
DPaid by the lender
Explanation
Maryland transfer taxes (both state and county) are generally shared between buyer and seller, though the allocation can be negotiated in the purchase agreement.
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- The Closing Disclosure under TRID must be provided to the buyer at least how many business days before settlement?
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