Real Estate Math
A property sold for $525,000. The seller paid 6% commission, $1,050 in excise taxes, and $3,200 in closing costs. What were the seller's total expenses?
A$31,500
B$32,550
C$35,750✓ Correct
D$34,650
Explanation
Commission = $525,000 x 0.06 = $31,500. Excise tax = $1,050. Closing costs = $3,200. Total = $31,500 + $1,050 + $3,200 = $35,750.
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