Real Estate Math
An Oregon seller owes $245,000 on their mortgage. Their home sells for $390,000 with a 5% total commission. Closing costs are $4,200. What are the seller's net proceeds?
A$121,300✓ Correct
B$141,300
C$145,000
D$130,000
Explanation
Commission = $390,000 × 0.05 = $19,500.
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