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Texas Principles of Real Estate II: Ch 1 > Items that are Prorated, such as Property Taxes, Insurance, and Utilities > Flashcards

Items that are Prorated, such as Property Taxes, Insurance, and Utilities Flashcards

1
Q

Define prorated

A

Prorated is when expenses are divided equally b/t the buyer and seller

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2
Q

What common items fall under prorated?

A

Taxes, Insurance, Mortgage interest, and Utilities

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Texas Principles of Real Estate II: Ch 1 (7 decks)

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