Which of the following is NOT typically included in closing costs?

Prepare for the Illinois Real Estate Broker Exam. Study with interactive questions and expert explanations to enhance your knowledge and skills. Ace your exam with confidence!

Moving expenses are not typically included in closing costs associated with a real estate transaction. Closing costs generally encompass fees and expenses that both buyers and sellers incur during the closing process of a property sale. This includes charges like title insurance, which protects against claims on the property title, real estate tax proration, which accounts for property taxes that need to be settled at the time of closing, and the brokerage commission, which is a fee paid to real estate agents for their services in facilitating the sale.

Moving expenses, on the other hand, pertain to the actual costs incurred during the physical relocation of personal belongings from one property to another. These expenses are generally considered separate from the financial aspects of the real estate transaction and are typically borne directly by the individual moving, rather than being part of the costs associated with closing the sale of the property.

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