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Florida Real Estate Course
Chapter 15
Florida Real Estate Practice Question
How are prorated property taxes (which are paid in arrears) entered on the Closing Disclosure?
Answer choices
A
Debit to the buyer and credit to the seller
B
Debit to the seller and credit to the buyer
C
Debit to the seller only
D
Credit to the buyer only
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Florida Closing Math: Debits, Credits and Prorations
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