Real Estate Math
A Delaware property has a list price of $425,000. The seller accepts an offer of 97.5% of list price. Delaware transfer tax is 3% split 50/50. How much does the buyer pay in transfer tax?
A$6,215.63✓ Correct
B$12,431.25
C$4,143.75
D$6,375.00
Explanation
Sale price = $425,000 × 97.5% = $414,375.
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