Florida real estate exam chapter 14 Questions and Answers 100% Pass

Florida real estate exam chapter 14 Questions and Answers 100% Pass The purpose of the closing statement is to - Correct Answer ️️ -summarize the financial aspects of a real estate transation Which entry would normally appear as a debit on the buyer's statement - Correct Answer ️️ -intangible tax on a new mortagage Single entry items - Correct Answer ️️ -must be accounted for in the broker's statement Which entry would appear as a credit on the seller's closing statement - Correct Answer ️️ -purchase price The document that stipulates which party pays which expense in a closing is the - Correct Answer ️️ -purchase and sale contract An earnest money deposit held in escrow is reflected on the closing statement as a - Correct Answer ️️ -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 - Correct Answer ️️ -seller