Real Estate Math
A NJ seller lists a property at $450,000. The buyer offers $435,000 with a $15,000 seller credit toward closing costs. What is the effective net price to the seller before commission?
A$435,000
B$420,000✓ Correct
C$450,000
D$430,000
Explanation
The seller receives $435,000 (sale price) minus $15,000 (seller credit) = net effective price of $420,000 before commission and other closing costs.
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