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A real estate licensee prepares a report for a seller based on recent sales of similar houses in the area. This is called a ________________.
comparative market analysis
The price at which a willing buyer and a willing seller would strike a deal given normal market conditions
An accounting of the debits and credits to the buyer and seller at the close of a transaction
Money to be received by buyer or seller (or conversely, reimbursed) as listed on a closing statement
The calculation of shared costs between buyer and seller and based on amounts actually owed
Notice by matter of fact which binds the parties, even if the parties have not been specifically notified of the fact
Federal law regulating mortgage lending which prohibits kickbacks and undisclosed fees.
RESPA (Real Estate Settlement Procedures Act)