Real Estate Math
A Minnesota seller accepts an offer of $385,000 and pays: 6% commission, $1,500 in closing costs, and a deed tax of $1.65 per $500. What are the total seller closing costs?
A$24,600
B$25,272
C$25,870✓ Correct
D$24,801
Explanation
Commission: $385,000 x 6% = $23,100. Deed tax: ($385,000 / $500) x $1.
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