Which element might be included in a closing statement that relates to the seller?

The correct element that might be included in a closing statement that relates to the seller is taxes owing on the property. At the closing of a real estate transaction, the final financial accounting is detailed in the closing statement. This document outlines various costs and obligations that both the seller and buyer need to address.

Taxes owed on the property are particularly relevant to the seller, as they represent an obligation that must be settled prior to or at the time of closing. This ensures that the new owner does not inherit any unpaid property taxes from the seller, which could create future legal issues or financial obligations for the buyer. Reflecting any outstanding taxes helps ensure a clear transaction where the seller fulfills their obligations before transferring ownership.

In contrast, while disclosures about future property development, fees charged for marketing the property, and information on the loan payment schedule might be important aspects of the transaction, they are not specifically related to the seller's liabilities or financial responsibilities in the closing statement. Disclosures about future development concern zoning laws and plans that can affect the property's value or use, marketing fees are more about the seller's costs incurred during the sale process, and the loan payment schedule primarily pertains to the buyer’s financing rather than the seller's responsibilities.