What document reflects all monetary transfers between the seller and buyer?

The correct choice is the buyer/seller settlement statement, which clearly outlines all financial transactions that occur between the seller and buyer during a real estate transaction. This document details the various costs associated with the sale, including the purchase price, loan amounts, deposit money, and credits or debits for items such as property taxes or repairs. By providing a comprehensive breakdown of these monetary transfers, the settlement statement ensures that both parties understand their respective financial responsibilities and the total amount that will change hands at closing.

In contrast, while the closing statement also provides a summary of the financial components of a transaction at the closing meeting, it is often used as a more general term and can vary in its detail. The transfer tax declaration is specifically related to taxes imposed on the transfer of property and does not capture all monetary transfers. A loan application is a document that a borrower submits to secure financing and does not reflect monetary transfers between parties in a sale.