Real Estate Math
A property has a list price of $389,900. The seller agrees to pay 3% toward the buyer's closing costs. What is the dollar amount of the seller's contribution?
A$11,697✓ Correct
B$11,973
C$10,697
D$11,700
Explanation
$389,900 × 3% = $11,697. To solve this, multiply the relevant values: $389,900 at 3%.. The correct answer is $11,697.. This is a common calculation on the Tennessee real estate exam.
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