What occurs if the seller does not address required deficiencies before closing?

The correct choice indicates that any required deficiencies not addressed by the seller before closing will be accounted for in the closing statement of the contract. This means that the financial aspects of the transaction may be adjusted to reflect these deficiencies, ensuring that both parties are aware of any unresolved issues. This is crucial as it helps protect the buyer's interests and ensures that all terms agreed upon during negotiations are transparent at the time of closing.

In real estate transactions, the closing statement is a critical document that outlines the final details of the agreement, including the distribution of funds and any credits or debits that may apply due to conditions of the property that were not remedied before the closing date. This allows the buyer to understand fully what they are agreeing to and what their final financial responsibility will be, given the condition of the property at the time of closing.

The other options do not address the contractual obligations and processes established in the TREC Promulgated Contract. For instance, the seller's credit score or the setting of a new closing date do not directly pertain to how deficiencies are legally handled in a real estate contract.