Real Estate Math
If a home in Columbus sells for $375,000 and the state conveyance fee is $1/$1,000 plus a county add-on of $2/$1,000, what is the total conveyance fee?
A$375
B$750
C$1,125✓ Correct
D$1,500
Explanation
Combined rate = $3/$1,000. Total fee = $375,000 / $1,000 × $3 = $1,125. Using the values given ($375,000, $1), apply the appropriate formula.. The correct answer is $1,125.. This is a common calculation on the Ohio real estate exam.
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