A buyer may legally receive advice about which of the following from a real estate licensee?

A real estate licensee can legally provide a buyer with comparable market data, which involves analysis of recently sold properties that are similar to the one being considered for purchase. This information is essential for buyers to determine the fair market value of a property and aids them in making informed decisions. Licensees can compile and present data on comparable properties—such as their sale prices, locations, and features—which helps the buyer understand the market conditions and assess whether the listed price of a property is justified.

In contrast, specific financial advice would require licensing beyond what a real estate agent possesses, making it inappropriate for them to provide such personalized financial guidance. Regarding closing procedures, while a real estate professional can explain what generally happens during closing, they cannot give legal advice on contracts or other legal matters. Renegotiating contracts can get into complex territory that involves legal knowledge or financial advisement, which would also be outside the scope of what a licensee can provide. Hence, of all the choices presented, advising on comparable market data is the most appropriate and legally permissible guidance that a real estate licensee can offer to a buyer.