Real Estate Math
A Delaware seller owes $145,000 on their mortgage and wants to net $85,000 after a 6% commission and $3,000 in closing costs. What must the property sell for?
A$237,234
B$233,000✓ Correct
C$253,191
D$249,000
Explanation
Net to seller = Sale Price − Commission − Closing Costs − Mortgage. Sale Price × (1 − 0.
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