Under Ohio law, the conveyance fee is calculated based on the sale price. All of the following may reduce the amount subject to the fee EXCEPT:
Correct Answer
B) The buyer's assumption of an existing mortgage balance
The assumption of an existing mortgage is considered part of the total consideration for the property. It does not reduce the sale price for conveyance fee purposes. The full sale price, including the assumed mortgage balance, is subject to the fee.
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