Agency
In New York, a 'seller's concession' negotiated by a buyer's agent—where the seller contributes to the buyer's closing costs—is typically disclosed to:
AOnly the broker
BThe lender, the title company, and reflected in the Closing Disclosure as a seller credit✓ Correct
COnly the DOS
DNo one; it is a private arrangement
Explanation
Seller concessions are material to the transaction and must be disclosed to the mortgage lender (who may have limits on the amount) and reflected in the Closing Disclosure. Lenders use this information in underwriting the loan.
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