Escrow & Title
Which of the following would appear on the seller's side of a Mississippi closing statement as a credit?
AReal estate commission
BProrated property taxes paid by the seller
CThe purchase price✓ Correct
DLoan payoff amount
Explanation
The purchase price is a credit to the seller on the closing statement—it represents the money the seller is owed for the property. Commissions and loan payoffs are debits to the seller.
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