Contracts
In Massachusetts, the P&S 'closing costs' allocation is most often determined by:
AState law mandating specific allocations
BNegotiation between buyer and seller, typically following local custom✓ Correct
CThe MLS rules
DThe lender's requirements
Explanation
While Massachusetts has some customs around closing cost allocation, most closing costs are ultimately determined by negotiation between buyer and seller in the P&S agreement. Local custom provides a starting point for negotiation.
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