On the Day of Closing a Real Estate Sale, Existing

question 73

Multiple Choice

On the day of closing a real estate sale, existing property taxes and insurance are

• A) left as is.
• B) paid by the bank out of the reserves.
• C) prorated.
• D) paid in full by the seller.

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Definitions:

Statistically Significant

A determination that a result from data analysis is not likely to have occurred by chance alone, indicating a true effect or difference.

Mathematical Calculations

The process of performing operations on numbers or symbols according to systematic rules to arrive at a result or solution.

Chance Guessing

Making a selection without any particular knowledge, reason, or method, relying on pure random choice.

Subtle Sounds

Low-intensity auditory stimuli that might not be immediately obvious but can nevertheless influence mood, perception, or behavior.