Question

The HUD-1 comparison chart is comprised of what three sections?

1) Section A, Section B, Section C
2) Section 1, Section 2, Section 3
3) Section X, Section Y, Section Z
4) Section I, Section II, Section III

Answer 1

The HUD-1 comparison chart is comprised of Section A, Section B, and Section C. These sections provide a breakdown of different aspects of a real estate transaction.

Step-by-step explanation:

The HUD-1 comparison chart is comprised of Section A, Section B, and Section C. These sections provide a breakdown of different aspects of a real estate transaction.

Section A includes information about the transaction itself, such as the property address, sales price, and loan information.

Section B focuses on the buyer's and seller's settlement charges and other fees. This section provides details about the costs associated with the transaction, such as loan origination fees and title insurance costs.

Section C is the summary section, which provides the total amounts of all the charges for both the buyer and seller. It shows the total amount due from the buyer, as well as the total amount due to the seller after all adjustments and credits.