Which of the following are common closing costs associated with a timeshare purchase?

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The selection highlighting transfer taxes, title insurance, and recording fees accurately represents typical closing costs associated with a timeshare purchase. These costs are essential in the process of finalizing the transaction and transferring ownership.

Transfer taxes are government fees charged when the ownership of the property is transferred from one party to another, and they vary based on state and local regulations. Title insurance protects the buyer and lender from potential disputes over the ownership of the property, ensuring that no legal claims to the timeshare arise after the transaction is complete. Recording fees are the costs associated with filing the deed or other documents with the appropriate government office to ensure that the sale is legally recognized and documented.

Other options presented, such as realtor commissions and home inspection fees, relate more to traditional real estate transactions rather than the specific context of timeshare purchases. Similarly, cleaning fees and maintenance costs pertain to ongoing expenses associated with owning a timeshare, rather than costs incurred at the time of purchase. Marketing fees and appraisal costs are not typically considered closing costs either, as they deal with the promotion of the property and assessment of value, usually incurred before the closing process begins.

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