Real Estate Math
A Tennessee home is listed at $375,000. The seller agrees to pay 3% toward the buyer's closing costs. How much does the seller contribute?
A$11,250✓ Correct
B$9,375
C$3,750
D$7,500
Explanation
Seller contribution = $375,000 × 3% = $11,250. To solve this, multiply the relevant values: $375,000 at 3%.. The correct answer is $11,250.. This is a common calculation on the Tennessee real estate exam.
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