Prorations of Items in a Real Estate Closing Are Made

question 62

True/False

Prorations of items in a real estate closing are made usually as of the date of the signing of the contract.

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Definitions:

Environmental Impact Statements

Documents required by law for certain projects, detailing the potential environmental effects.

APA

The Administrative Procedure Act, which governs the process by which federal agencies develop and issue regulations.

Privacy Act

Legislation designed to protect personal information about individuals from unauthorized use, disclosure, or misuse, typically governing government agencies and organizations.

Relevant and Necessary

Criteria indicating that something must be directly connected to and important for a specific process or decision.