Escrow & Title
A NH closing statement shows the seller's proceeds as a net amount after which deductions?
AOnly the real estate commission
BReal estate commission, mortgage payoff, transfer taxes, prorations, attorney fees, and other closing costs✓ Correct
COnly the transfer taxes and attorney fees
DOnly the mortgage balance
Explanation
The seller's net proceeds are calculated by subtracting the mortgage payoff, real estate commission, transfer taxes, prorations, attorney fees, and any other seller-paid closing costs from the sale price.
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