A real estate developer in Ohio sells a newly constructed home. The sale price is $380,000. At closing, the developer realizes the conveyance fee was accidentally omitted from the settlement statement. The closing agent should:
Correct Answer
D) Amend the settlement statement to include the fee and collect it before the deed is submitted to the County Auditor
The conveyance fee must be paid to the County Auditor before the deed can be approved for recording. If the fee was omitted from the settlement statement, it must be corrected and collected before the deed is submitted. The deed cannot be recorded without the fee payment.
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