Real Estate Math
An Oklahoma seller needs to pay off a $128,000 mortgage, $4,500 in closing costs, and a 5.5% commission. If the house sells for $234,000, what does the seller net?
A$88,630✓ Correct
B$88,370
C$89,000
D$90,000
Explanation
Commission = $234,000 x 5.5% = $12,870.
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