Real Estate Math
A Colorado seller wants to net $290,000 from the sale after paying a 6% commission and $4,500 in closing costs. What must the property sell for?
AA. $313,085✓ Correct
BB. $312,234
CC. $311,170
DD. $309,574
Explanation
Net needed before closing costs = $290,000 + $4,500 = $294,500. Sale price needed = $294,500 ÷ (1 - 0.
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