Real Estate Math
A property sold for $185,000. The seller paid a 6% commission and $2,000 in other closing costs. What were the seller's total costs?
A$11,100
B$13,100✓ Correct
C$13,500
D$14,800
Explanation
Commission = $185,000 x 6% = $11,100. Total costs = $11,100 + $2,000 = $13,100. To solve this, multiply the relevant values: $185,000 and $2,000 at 6%.. The correct answer is $13,100.. This is a common calculation on the North Dakota real estate exam.
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