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Unit 23: Closing the Real Estate Transaction > objective 5: explain the general rules for prorating > Flashcards

objective 5: explain the general rules for prorating Flashcards

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Unit 23: Closing the Real Estate Transaction (7 decks)

objective 1: identify the issues of particular interest to the buyer and seller as a real estate transaction closes

objective 2: describe the procedures involved in face to face closings from those in escrow closings

objective 3: describe legislation related to closing

objective 4: describe the steps involved in preparing a closing statement

objective 5: explain the general rules for prorating

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