Finance
In South Carolina, what is 'due diligence' in a commercial real estate transaction?
AThe buyer's right to inspect the property in residential transactions
BThe comprehensive investigation of a commercial property's physical, financial, legal, and environmental condition before closing✓ Correct
CThe lender's review of the borrower's creditworthiness
DA government inspection required for commercial property sales
Explanation
Commercial due diligence is a thorough investigation of all aspects of a commercial property: physical condition, environmental status, title, leases, income and expense history, zoning, permits, legal compliance, and market analysis. It is critical for assessing risk before closing.
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