Escrow & Title
In Ohio, which of the following items is typically prorated at closing in the seller's favor?
AProperty taxes for the year already paid by the seller beyond the closing date✓ Correct
BUnpaid property taxes accrued before closing
CThe buyer's loan origination fee
DThe broker's commission
Explanation
If the seller has prepaid property taxes beyond the closing date, the buyer owes the seller a credit (proration) for the period the buyer will own the property but taxes have already been paid by the seller.
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