Escrow & Title
In an Oklahoma real estate transaction, 'proration' at closing typically applies to:
AOnly the agent's commission
BProperty taxes, HOA dues, rents, and other recurring expenses that must be divided between buyer and seller based on the closing date✓ Correct
CThe purchase price only
DOnly mortgage principal balances
Explanation
Proration divides ongoing expenses (property taxes, HOA dues, prepaid rents, utility deposits) between buyer and seller as of the closing date, so each party pays only for the period they own the property. In Oklahoma, property taxes are typically prorated based on the closing date.
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