Escrow & Title
At a Minnesota real estate closing, the buyer receives a credit for:
AThe real estate commission
BUnpaid property taxes that the seller has not yet paid (proration)✓ Correct
CThe title insurance premium
DThe recording fees
Explanation
At closing, property taxes are prorated between buyer and seller. Since Minnesota taxes are paid in arrears (taxes for the current year are paid the following year), the seller owes a credit to the buyer for the portion of the year the seller owned the property.
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