Real Estate Math
A home sells for $350,000. The seller pays a 5.5% commission. How much does the seller net before other closing costs?
A$311,750
B$315,000
C$330,750✓ Correct
D$350,000
Explanation
Commission = $350,000 × 0.055 = $19,250. Net = $350,000 − $19,250 = $330,750. To solve this, multiply the relevant values: $350,000 at 5.5%.. The correct answer is $330,750.. This is a common calculation on the Kansas real estate exam.
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