Which of the following describes 'Costs to Be Paid' in an Offer/Purchase Agreement?

In an Offer/Purchase Agreement, "Costs to Be Paid" refers specifically to the details regarding the allocation of costs involved in the purchase of the property. This includes closing costs, which can encompass various expenses such as title insurance, appraisals, inspections, and lender fees. By clearly outlining who is responsible for which costs, the agreement helps to establish transparency and prevent disputes between the buyer and seller.

In this context, it is essential for both parties to understand their financial obligations concerning these costs, as they can significantly impact the overall cost of the transaction. This information is critical during negotiations and helps ensure a smoother closing process.

The other options focus on specific aspects that do not encompass the full meaning of "Costs to Be Paid." For example, the listing agent's commission pertains only to a portion of the transaction, while the buyer's down payment refers specifically to the initial out-of-pocket expense rather than all associated costs. Costs related to property maintenance are also not relevant to the agreement, as they involve ongoing expenses rather than costs incurred during the purchase process.