Business, 26.08.2021 03:10 notsobright10

Directions: After reading this case study, answer questions 93 through 100. A married couple is purchasing a home for $198,000 and gave the broker a $10,000 earnest money deposit. The buyers will finance the purchase with a new 80% loan-to-value mortgage loan. The closing date is March 18, with the closing day charged to the buyer. Homeowners association dues are $325 monthly and were paid in advance by the seller. Property taxes are $2,416. Prorations should be made using the 365-day method. The sellers will pay the 6% brokerage fee, the documentary stamp tax on the deed, and title insurance of $1,789. The buyers will pay the appropriate state taxes on the note and mortgage, $72 in recording fees, and for a survey costing $475. How is the brokerage fee handled on the Closing Disclosure

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Directions: After reading this case study, answer questions 93 through 100. A married couple is purc...

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