On a settlement statement, the selling price is always:

Houtan HormozianExpert on Real Estate, Finance and PropTech

Real Estate Question of the Day Understanding the Settlement Statement

29 Oct 2025 · 1 min

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In this short educational video, the presenter poses a multiple‑choice question about the treatment of the selling price on a real‑estate settlement (closing) statement. The correct answer is that the selling price is always recorded as a debit to the buyer. The host then explains that a debit on a closing statement represents an amount charged to a party, and the selling price serves as the reference point for all debits and credits, meaning the buyer owes that amount. The clip ends with a brief call‑to‑action encouraging viewers to like, tag friends, and contact the presenter via message or website for further discussion.

Questions this video answers

A debit to the buyer (option D)

Chapters

Get ready for question of the day! On a settlement statement, the selling price is always: A. A debit to the seller. B. Greater than the loan amount. C. A credit to the buyer. D. A debit to the buyer. The answer is letter D. On a closing statement for a real estate sale, a debit is an item that is charged to a party. The selling price is the point of reference for all debits and credits on a closing statement, and it is always a debit— debt to be paid— to the buyer. Learned something new? Give us a like, tag a friend, and let's keep the conversation going. Message us here or visit our website.