Finance
A due-on-sale (alienation) clause in a mortgage requires:
AThe seller to pay off the mortgage before listing the property
BThe full loan balance to be paid when the property is transferred✓ Correct
CThe buyer to assume the seller's mortgage
DThe broker to verify loan payoff at closing
Explanation
A due-on-sale clause requires the borrower to pay off the remaining loan balance upon transfer of the property, preventing loan assumption without lender approval.
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