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Since the seller often has utilized the property for a portion of the year in which the transaction is being made, certain costs associated with the property will be prorated at the closing. All of the following items are subject to being prorated EXCEPT:
Pleasant Outcomes
Positive results or benefits that are satisfying or enjoyable, often as a result of specific actions or behaviors.
Unpleasant Outcomes
Negative consequences or results that arise from specific actions or situations.
Reinforcement Theory
A psychological concept suggesting that behavior can be shaped by rewarding or punishing outcomes.
Law of Effect
A principle in psychology that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are not.
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