Which of the following is not a true statement about the settlement statement:
a. it is to account for all money involved in the transaction
b. the seller's loan payoff will be a debit to the seller, a credit to the buyer
c. buyer total closing cost will appear on the back and front of the statement
d. it will note if monies were paid up front
Answer: b. the seller's loan payoff will be a debit to the seller, a credit to the buyer
Business
You might also like to view...
What is the expected, constant growth rate of dividends for a stock with a current price of $100, expected dividend payment of $10 per share, and a required return of 16 percent?
A) 6.25 percent B) 6.00 percent C) 8.00 percent D) 10.00 percent
Business
In the VALS2™ system thinkers are career oriented and prefer predictability to risk
Indicate whether the statement is true or false
Business