Real Estate Math
A Nevada seller agrees to pay the buyer's closing costs up to 3% and the seller's agent 3%. The sale price is $510,000. What is the total cost to the seller (excluding loan payoff)?
A$30,600✓ Correct
B$15,300
C$26,010
D$25,500
Explanation
Buyer's closing costs: 3% x $510,000 = $15,300. Seller's agent commission: 3% x $510,000 = $15,300.
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