Escrow & Title
At a Vermont closing, the HUD-1 (or Closing Disclosure) lists a commission debit of $18,000 on the seller's side. This means:
AThe buyer pays $18,000 in addition to the purchase price
BThe commission will be deducted from the seller's proceeds at closing✓ Correct
CThe broker receives $18,000 from the buyer's lender
DThe seller pays $18,000 directly to the Vermont Real Estate Commission
Explanation
A debit on the seller's closing statement reduces the seller's net proceeds. The broker's commission is a debit to the seller — it is deducted from the sale proceeds before the seller receives their net amount.
Related Vermont Escrow & Title Questions
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