Escrow & Title
In Massachusetts, the seller at a residential closing typically receives a check (or wire) for:
AThe full purchase price plus commissions
BThe purchase price less the mortgage payoff, commissions, taxes, and other seller costs✓ Correct
COnly the earnest money deposit
DThe full purchase price minus the deposit only
Explanation
The seller's net proceeds at closing are the purchase price minus: the outstanding mortgage payoff, real estate commission, deed excise tax, attorney's fees, proration adjustments, and any other seller-paid closing costs.
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