Real Estate Math
A seller accepts an offer of $425,000, agrees to pay the buyer's closing costs of $8,500, and pays a 6% commission. How much does the seller net?
A$390,500
B$391,000✓ Correct
C$391,500
D$382,000
Explanation
Commission = $425,000 × 0.06 = $25,500. Net to seller = $425,000 - $25,500 - $8,500 = $391,000.
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