Final answer:
The correct answer is option c) an estimate of the amount of the closing costs.
Step-by-step explanation:
When an offer is presented in a real estate transaction, real estate licensees are required to provide the seller(s) and buyer(s) an estimate of the amount of the closing costs. This is essential for both parties to understand the potential expenses involved in finalizing the transaction, which includes fees for escrow, title search, loan processing, and other miscellaneous costs associated with the purchase.
It is important for real estate agents to disclose all pertinent information that can affect the decision-making process, but particularly the costs that can be expected at closing. While they are not required to inform clients of factors like current interest rates, psychological impacts on property value, or the price of neighboring houses, these details might still be shared as part of good business practices depending on the situation and local regulations.