subject
Law, 03.04.2021 01:10 thefish81

Sales Associate Ann knows of a builder who has a very desirable lot, purchased last year for $75,000. The builder intended to build a spec house, but the market is slower and the builder does not want to build at this time. Ann has a buyer client that has agreed to pay $69,000 cash and all of the closing costs. The buyer will also pay a three per cent commission to Ann's brokerage firm and be responsible for the total stamp taxes to be paid to the state. Last years taxes are deficient; the builder will pay the deficient amount for last year's taxes. The builder and Ann's buyer execute a contract and closing is September 1. Prorate using a 365 day year. The day of closing goes to the buyer. Purchase Price: $69,000 Taxes for current year: $1,204 Last year's unpaid taxes: $1,100 Ann's split with broker: 75% to Ann; 25% to broker Title Insurance: $682 - paid by the seller Attorney's fees: $300 - split between the seller and buyer Escrow Paid: $200 Recording: $19. What would be the buyer's cash to close for this sale?

ansver
Answers: 3

Another question on Law

question
Law, 07.07.2019 10:10
Amotion that asks the court to determine if there is any actual issue of material fact based on the pleadings and affidavit
Answers: 3
question
Law, 12.07.2019 02:20
1. once you decide that it is safe to move out of traffic, what steps should you follow to ensure safe passage? 2. give some examples where it is unsafe to travel at the speed limit 3. when parking downhill with a curb, what steps would you follow with an automatic transmission? what about manual transmission? 4. what are three things you can do to safely leave a vehicle? ! its due in 3 hours! 100 points to anyone who can at least with one : (
Answers: 2
question
Law, 16.07.2019 06:10
How must you react to a flashing yellow traffic light?
Answers: 2
question
Law, 16.07.2019 17:20
What does england call its police officers?
Answers: 3
You know the right answer?
Sales Associate Ann knows of a builder who has a very desirable lot, purchased last year for $75,000...
Questions