Real Estate Glossary | What's a Settlement Statement??

Q: What's a Settlement Statement?

A settlement statement is a document that itemizes all of the costs and fees associated with a real estate transaction, including the purchase price, real estate commission, closing costs, and other expenses. It is typically provided to the buyer and seller before the closing of the transaction, and it is used to ensure that all parties are aware of the total cost of the transaction and that all funds are disbursed correctly.

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