Real Estate Math
A Kentucky seller accepts an offer at $356,000. After 6% commission, closing costs of $4,200, and mortgage payoff of $214,000, the seller nets:
A$116,440✓ Correct
B$121,440
C$123,000
D$126,240
Explanation
Commission = $356,000 × 6% = $21,360. Net = $356,000 − $21,360 − $4,200 − $214,000 = $116,440.
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