Escrow & Title
Which of the following is typically a buyer's closing cost in Montana?
AReal estate agent commission
BLender origination fee and title insurance (lender's policy)✓ Correct
CTransfer tax paid by the seller
DPayoff of the seller's existing mortgage
Explanation
Typical buyer closing costs include lender origination fees, lender's title insurance, appraisal fees, prepaid items (taxes, insurance), and recording fees. The seller typically pays the real estate commission.
Related Montana Escrow & Title Questions
- In Montana, a 'trust deed sale' (non-judicial foreclosure auction) must be publicly noticed. What is the minimum notice period before the sale?
- In Montana, a 'settlement statement' (HUD-1 or Closing Disclosure) shows all parties to a transaction:
- A general warranty deed provides the greatest protection to the buyer because it:
- A 'warranty forever' clause in a Montana general warranty deed means the grantor:
- The proration of property taxes at closing is based on:
- A 'short sale' in Montana occurs when:
- A mechanic's lien in Montana may be filed by:
- In Montana, a 'commitment for title insurance' will list specific 'Schedule B' exceptions, which are:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →