Scan QR code or get instant email to install app
Question:
Escrow calculates prorations based on days in a year.
A
360
explanation
Escrow works on a 30 day month multiplied by 12 months. Thus, for the purpose of calculating prorations, escrow considers there to be 360 days in a year.
Take more free practice tests for otherReal Estate topics with our real estate practice exam now!
Related Information
Comments