MT$431-2$: Report the closing documents for a real estate sales scenario to a client.

Read the scenario and respond to the checklist items.

Scenario: Henri and Lila are about to close on their new home. You are a sales agent for the clients and have been asked by them to review the closing documents for accuracy. You find three errors on the closing disclosure and proceed to explain the three errors and what the corrections should be$.$

Checklist:

Explain which closing disclosure calculations on pages $2$ and $3$ of closing cost details $($under loan costs and other costs$)$ are incorrect, show the corrected calculations, and the actual math used to make your determination.

Explain which closing documents should be redone so they are accurate and who is responsible for redoing these at the bottom of the document.