Finance
In New Mexico, 'seller concessions' at closing typically refer to:
AThe seller reducing the price at the last minute
BThe seller agreeing to pay a portion of the buyer's closing costs✓ Correct
CThe seller providing a home warranty
DThe seller carrying back a second mortgage
Explanation
Seller concessions are payments the seller agrees to make toward the buyer's closing costs or prepaid items. They reduce the buyer's cash needed at closing and are common in negotiations.
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