Real Estate Math
A Kansas property with a $150,000 loan balance is sold for $220,000. The broker's commission is 6% and closing costs are $2,500. How much does the seller net?
A$54,300✓ Correct
B$67,500
C$54,200
D$56,300
Explanation
Commission = $220,000 x 6% = $13,200. Closing costs = $2,500.
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