Real Estate Math
An Oregon seller's net sheet shows a sale price of $595,000, existing mortgage of $320,000, commission of 5.5%, and other closing costs of $6,200. What are the seller's estimated net proceeds?
A$236,025✓ Correct
B$235,575
C$240,000
D$268,800
Explanation
Commission = $595,000 × 0.055 = $32,725.
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