Since the Seller Often Has Utilized the Property for a Portion

question 22

Multiple Choice

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:

• A) Broker commission
• B) Prepaid rent
• C) Property tax
• D) Mortgage interest

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Definitions:

Native Guards

Historical units of African American soldiers, particularly during the Civil War, challenging racial stereotypes and fighting for freedom and recognition.

Free Blacks

Individuals of African descent who were not enslaved, living in a time when slavery was a legal institution in various parts of the world, especially significant in the context of American history pre-Civil War.

Louisiana

A state in the southern region of the United States, known for its distinct French Creole culture, Mardi Gras, and as the birthplace of jazz.

Black Enlistment

Refers to the historic recruitment and incorporation of African American individuals into military services.