Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A seller's home was listed for sale by a broker. A buyer made an oral offer for the property which the seller accepted. The oral

A seller's home was listed for sale by a broker. A buyer made an oral offer for the property which the seller accepted. The oral agreement between the seller and buyer called for the seller to pay all closing costs. When the contract was put in writing for all to sign, the contract read that the buyer would pay all closing costs. Both the seller and the buyer signed the contract. Who would MOST likely be responsible for paying the closing costs?
Select one:
a. The seller and the buyer would split the closing costs equally
b. The seller, the buyer and the broker would split the closing costs equally
c. The buyer
d. The seller

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these General Management questions