Question

In the section on Purchase Price and Terms in a Residential Contract to Buy and Sell, which of the following is true concerning the entry for cash at closing?A. It represents the total amount the buyer should plan to bring to closingB. It should match the good-faith estimate provided with the HUD-1 formC. It represents the approximate amount the seller will receive at closingD. It does not include the buyer's closing costs, such as loan fees

Answer 1

The answer is letter D.

Step-by-step explanation:

The true statement is It does not include the buyer's closing costs, such as loan fees.