Real Estate Math
A Nebraska seller wants to net $165,000. The brokerage commission is 5% and closing costs are $3,800. The minimum sale price is approximately:
A$177,684✓ Correct
B$175,200
C$174,526
D$176,500
Explanation
$165,000 + $3,800 = $168,800. Sale price = $168,800 ÷ 0.95 = $177,684. To solve this, multiply the relevant values: $165,000 and $3,800 at 5%.. The correct answer is $177,684.. This is a common calculation on the Nebraska real estate exam.
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