Real Estate Math
A property sells for $375,000. Closing costs are 2% of the sales price and the commission is 6%. What are the total seller costs (closing costs + commission)?
A$22,500
B$30,000✓ Correct
C$30,500
D$37,500
Explanation
Commission = $375,000 × 6% = $22,500. Closing costs = $375,000 × 2% = $7,500.
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