Which of the following is NOT typically included in an auctioneer's closing statement?

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The closing statement prepared by an auctioneer is a crucial document that summarizes the key financial aspects of the auction transaction. This statement typically includes essential information such as the date of payment to the seller, the price the property was sold for, and the seller's name and address. Each of these details is vital for record-keeping, legal purposes, and ensuring both buyer and seller have a clear understanding of the terms agreed upon during the auction.

In contrast, the methods by which a buyer intends to make future payments are not usually included in the closing statement. This is because the auction is typically concluded with immediate payment or terms already clearly defined prior to the auction event. Future payment methods may vary based on personal arrangements and negotiations that do not need to be formally documented in the auctioneer's closing statement. Therefore, this choice correctly identifies an item that is not typically incorporated into the closing documentation provided by the auctioneer.

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