Determination of the buyer’s cost of purchase should be calculated using a standard buyer's purchase contract.
Determination should also take into account other fees (up front and at closing) the buyer may incur (determined by mortgage lender’s good faith estimate (GFE); home inspection).
DPOR correlations: 18VAC135-20-400. 14 (Real estate financing); 18VAC135-20-400. 15 (Brokerage and agency contract responsibilities)
Process/Skill Questions: