Of the following items, which one would normally appear on the seller's closing statement as a credit to the seller:

A: The proration of prepaid taxes;
B: The pay-off of an existing trust deed loan;
C: The payment of a commission to the listing agent;
D: The proration of prepaid rent.

Answer: A: The proration of prepaid taxes;

Business

You might also like to view...

Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Ferguson Act, what is the minimum penalty for this?

A) $0 B) $5,000 C) $10,000 D) $15,000

Business

The Word of Mouth Marketing Association provided the following guidelines for companies that want to generate word-of-mouth communications through its employees, agency employees, or brand sponsors, except:

A) be honest about the relationship the person has with the company, agency, and consumers B) be honest about the type and level of compensation they are receiving C) be honest in the opinion they present D) be honest about identifying who they are

Business