Real Estate Math
An Illinois seller owes $215,000 on a mortgage. The property sells for $310,000 with a 6% commission and $4,500 in closing costs. What are the seller's net proceeds?
A$71,900✓ Correct
B$90,500
C$72,100
D$71,400
Explanation
Commission = $310,000 × 0.06 = $18,600.
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