Florida real estate Remarkable Realization.

Single entry items must be accounted for in the broker's statement Which entry would appear as a credit on the seller's closing statement purchase price The document that stipulates which party pays which expense in a closing is the purchase and sale contract An earnest money deposit held in escrow is reflected on the closing statement as a credit to the buyer In the absence of any agreement between the parties, the state documentary stamp tax on the deed is paid by the seller In a residential transaction, the brokerage fee is usually reflected on the closing statement as a debit to the seller Double entry items do not appear in the broker's statement The amount of a new mortagage being obtained by the buyer would be entered on the closing statement as a credit to the buyer The amount of a mortgage loan being assumed at closing by the buyer would be entered as a double entry The balance due from the buyer on the closing statement is paid to the closing agen