Real Estate Math
A Missouri seller owes $142,000 on their mortgage. They sell for $215,000 with 6% commission and $2,800 in other closing costs. Net proceeds after payoff are:
A$57,300✓ Correct
B$57,200
C$60,100
D$73,000
Explanation
Commission = $215,000 x 0.06 = $12,900.
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