Real Estate Math
Seller's closing costs include a 6% commission on a $290,000 sale and title insurance of $1,200. What are the total seller closing costs shown?
A$16,600
B$17,400
C$18,600✓ Correct
D$18,200
Explanation
Commission = $290,000 × 0.06 = $17,400. Total = $17,400 + $1,200 = $18,600. To solve this, multiply the relevant values: $290,000 and $1,200 at 6%.. The correct answer is $18,600.. This is a common calculation on the Montana real estate exam.
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