Real Estate Math
A NJ seller's closing costs include: 5% commission on $480,000, $2,200 attorney fee, $1,920 transfer tax, and $525 recording fees. What are total seller closing costs?
A$28,645✓ Correct
B$34,000
C$28,500
D$30,245
Explanation
Commission = $480,000 × 0.05 = $24,000.
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