Real Estate Math
A Florida seller receives a full-price offer of $499,000. After the 5% listing commission, doc stamps ($0.70/$100), and a $1,500 title charge, approximately how much does the seller net? (Ignore mortgage payoff for this calculation.)
A$469,057
B$472,555
C$471,557✓ Correct
D$473,500
Explanation
Commission = $499,000 × 5% = $24,950. Doc stamps = $499,000 ÷ 100 × $0.70 = $3,493. Net = $499,000 − $24,950 − $3,493 − $1,500 = $469,057.
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