ContractsContracts_generalEASY
What determines who pays for what and how much at closing?
Correct Answer
D) Proration
Proration is the allocation or division of money items at the closing based on the closing date.
Answer Options
A
The governmentB
The sellerC
The buyerD
ProrationVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
closing-processpurchase-agreement-negotiationsescrow-procedures
Key Terms:
prorationclosing costsescrowproperty taxesallocation
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