Real Estate Math
An Iowa property sold for $310,000. The seller paid $3,500 in closing costs, $310 in transfer tax, and a 6% commission. What did the seller net?
A$287,590✓ Correct
B$285,000
C$290,000
D$277,590
Explanation
Commission = $310,000 x 0.06 = $18,600.
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