Real Estate Math
A Connecticut seller agrees to pay the buyer's closing costs of $6,500. The home sells for $395,000. After a 5.5% commission and the closing cost credit, how much does the seller net?
A$366,280✓ Correct
B$367,530
C$368,500
D$374,775
Explanation
Commission = $395,000 × 0.055 = $21,725.
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