Real Estate Math
A property in Charleston sells for $485,000. What is the South Carolina deed recording fee owed at closing?
A$1,793.50✓ Correct
B$1,794.50
C$1,795.45
D$1,796.00
Explanation
SC deed recording fee = $1.85 per $500. $485,000 ÷ $500 = 970 units. 970 × $1.85 = $1,794.50.85 = 1794.50.50. Let me recalc: 485000/500 = 970; 970 × 1.85 = 1794.50.
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