Which of the following is NOT typically included in a closing disclosure?

The closing disclosure is a critical document that borrowers receive before finalizing a mortgage loan. It offers a detailed breakdown of all the costs related to the mortgage loan and the real estate transaction. One of the primary functions of the closing disclosure is to ensure transparency, helping borrowers understand the financial commitments involved.

Typically, the closing disclosure includes information such as loan terms, which detail the specifics of the mortgage such as interest rates and lengths of payment periods. It also outlines the final sale price of the property, giving borrowers a clear sense of the total cost of the purchase. Estimated monthly payments are also part of the document, providing borrowers with an idea of what they will be expected to pay each month based on the loan specifics provided.

In contrast, the agent's commission—while a significant factor in many transactions—does not appear in the closing disclosure provided to borrowers. Instead, the agent's commission is generally handled separately within the terms of the real estate agreement and often comes from the proceeds of the sale rather than being laid out in the closing disclosure itself. Thus, option C identifies an item that is typically not included in a closing disclosure, emphasizing the focus of the document on loan specifics and closing costs rather than commissions related to the agents involved in the transaction.