Escrow & Title
At a South Carolina closing, the seller's net proceeds are calculated as:
ASale price plus all closing costs
BSale price minus mortgage payoff, selling expenses, and other seller credits/debits✓ Correct
CSale price divided by the number of years of ownership
DSale price minus only the real estate commission
Explanation
Seller's net proceeds = Sale Price − Mortgage Payoff − Real Estate Commission − Other Closing Costs/Fees + Credits. The closing statement shows all debits and credits to arrive at the net.
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