Real Estate Math
A Missouri seller wants to net $240,000. Agent commission is 6%, closing costs are $3,000. What must the home sell for?
A$258,511✓ Correct
B$257,447
C$255,600
D$262,000
Explanation
Net needed before CC: $240,000 + $3,000 = $243,000. Gross = $243,000 ÷ 0.94 = $258,511 (rounded). To solve this, multiply the relevant values: $240,000 and $3,000 at 6%.. The correct answer is $258,511.. This is a common calculation on the Missouri real estate exam.
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