Real Estate Math
A property sells for $280,000. The Ohio conveyance fee is $1 per $1,000 of sale price. What is the state conveyance fee?
A$28
B$280✓ Correct
C$2,800
D$28,000
Explanation
Ohio state conveyance fee: $280,000 / $1,000 x $1 = $280. Counties may add their own conveyance fee on top of the state fee.
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