Real Estate Math
An Ohio property sells for $460,000. After paying off a $290,000 mortgage, a 5.5% commission, and $4,500 in closing costs, what does the seller net?
A$140,200✓ Correct
B$140,300
C$140,800
D$141,000
Explanation
Commission = $460,000 × 5.5% = $25,300.
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