Contracts
In South Carolina, a 'seller's concession' in a purchase contract is a credit from the seller used to:
AReduce the purchase price directly
BPay some or all of the buyer's closing costs at settlement✓ Correct
CCompensate the listing agent
DFund required property repairs
Explanation
A seller's concession is a credit from the seller at closing that the buyer uses to pay closing costs. This effectively reduces the buyer's out-of-pocket costs at closing without changing the contract purchase price.
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