What should I check before solving a closing proration?
Staff Q&A from the 63Hours team.
Ask clear questions about the Florida real estate course and learn from course-specific answers.
What should I check before solving a closing proration?
Staff Q&A from the 63Hours team.
First identify whether the charge is prepaid or unpaid, which party owes which period, the required day-count method, and who gets the closing day. Then find the daily amount and multiply by the assigned days. Do not import a rule from an online comment when the question or contract supplies a different convention.
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Discussion prompt: Is the item paid in advance or paid after the period ends?