Finance
In Minnesota, which of the following is a typical buyer's closing cost?
AReal estate commission
BLender's origination fee, appraisal fee, and lender's title insurance premium✓ Correct
CMinnesota deed tax
DOwner's title insurance policy
Explanation
Typical buyer's closing costs in Minnesota include: lender's origination fee, appraisal fee, lender's title insurance premium (mortgagee's policy), Mortgage Registry Tax, prepaid items (first year's homeowners insurance, prepaid interest, initial escrow deposits for taxes and insurance), and recording fees for the new mortgage. The deed tax and owner's title insurance are typically seller's costs.
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