Which One of the Following Is True of Selling Costs

question 49

Multiple Choice

Which one of the following is true of selling costs?

• A)They generally are divided equally between the seller and the buyer.
• B)They include costs associated with offering a property for sale, but not those associated with transacting the sale.
• C)They do not affect the amount realized in a transaction.
• D)They may include both sales commissions and transfer taxes.

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Definitions:

Life Expectancy

The average number of years an individual or population is expected to live, based on statistical averages.

Standard Deviation

A measure of how spread out numbers are around the mean of a data set, indicating the dispersion or variability.

Normally Distributed

Describes a distribution of data where most observations cluster around the mean and the distribution is symmetric around the mean, forming a bell-shaped curve.

Normally Distributed

Describes a probability distribution that is symmetrical about the mean, implying that the bulk of the data points lie close to the mean.