Escrow & Title
In South Dakota, which of the following is typically PRORATED between buyer and seller at closing?
AReal estate commission
BTitle insurance premium (one-time)
CPrepaid property taxes paid by the seller for the year✓ Correct
DLoan origination fees
Explanation
Prepaid property taxes paid by the seller for the full year are prorated at closing. The buyer receives a credit for the seller's prepaid taxes covering the post-closing period.
Related South Dakota Escrow & Title Questions
- A South Dakota title company discovers an easement that was not disclosed to the buyer. If the title insurance policy covers easements, the buyer:
- Recording a deed in South Dakota provides which primary benefit?
- A mechanic's lien in South Dakota is filed by:
- Title insurance in South Dakota protects the policyholder from:
- In South Dakota, a title insurance policy with an endorsement for 'mechanics lien protection' protects the insured from:
- The purpose of a closing escrow in South Dakota is to:
- A sheriff's deed in South Dakota is issued in connection with:
- In South Dakota, which of the following would NOT be found in a title search?
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →