Which items are typically shown on closing statements in real estate transactions in which a broker participates?

• A. Dates of adjustments
• B. Names of payees and makers of notes
• C. Assignees of notes paid, made or assumed
• D. All of the above

Answer: (D)

Closing statements capture the full financial snapshot of a real estate deal, listing every amount owed and every payment or credit to each party. The dates of adjustments show prorations for items like taxes, interest, insurance, and HOA dues, indicating when those amounts start or end and who owes them at closing. The names of payees and makers of notes identify who is borrowing and who is receiving the loan proceeds or payments, clarifying the loan relationships involved in the deal. The assignees of notes paid, made, or assumed reflect any transfers or assumptions of debt, showing who actually holds or will hold the note after closing. Since a closing statement aims to be a complete, auditable record of all financial terms and fund flows in the transaction, all of these items commonly appear. Therefore, all of the above is the best answer.