Agency
In Ohio, a 'seller's concession' granted in negotiations is:
AAn automatic reduction in the listing price
BA credit given by the seller (e.g., toward closing costs), typically disclosed to all parties and the lender✓ Correct
CA verbal agreement that reduces the seller's liability
DA finder's fee paid to the buyer's agent
Explanation
A seller's concession is a credit from the seller to help the buyer with closing costs or repairs. It must be disclosed in the purchase contract and on the Closing Disclosure, and lenders impose limits based on LTV.
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