Alabama Real Estate Practice Exam 2025 – All-in-One Guide to Master Your Real Estate License!

Question: 1 / 400

Who is entitled to see the closing costs one day before the closing in the context of FHA-insured loans?

The loan officer only

The buyer only

Both the buyer and the seller

Both the buyer and the seller are entitled to see the closing costs one day before the closing in the context of FHA-insured loans. This is because both parties have a vested interest in the transaction and should be fully informed about any closing costs they are responsible for. Option A is incorrect because the loan officer is not the one who is responsible for paying the closing costs. Option B is also incorrect because although the buyer is responsible for paying some closing costs, they are not the only one entitled to see them. Option D is incorrect because while a real estate agent may be involved in the transaction, they do not have a direct financial stake in it and therefore are not entitled to see the closing costs.

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The real estate agents only

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