Real Estate Math
A Maryland seller accepts an offer of $390,000 and pays a 5.5% commission. The seller also owes the buyer a $1,500 credit for repairs. Net to seller before other costs is:
A$366,950
B$365,450✓ Correct
C$368,100
D$375,050
Explanation
Commission = $390,000 × 5.5% = $21,450.
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