Finance
Seller concessions in a real estate transaction refer to:
AThe seller reducing the listing price
BThe seller agreeing to pay some of the buyer's closing costs as part of the negotiated deal✓ Correct
CThe seller providing a home warranty
DThe seller allowing a longer inspection period
Explanation
Seller concessions occur when the seller agrees to contribute toward the buyer's closing costs as part of the negotiated transaction. Lenders typically cap the amount of seller concessions based on loan type and LTV ratio.
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