Real Estate Math
A Utah home sold for $410,000. The title company charges 0.5% for the owner's title policy. How much is the title policy?
A$2,050✓ Correct
B$4,100
C$205
D$1,025
Explanation
Owner's title policy = $410,000 × 0.005 = $2,050. To solve this, multiply the relevant values: $410,000 at 0.5%.. The correct answer is $2,050.. This is a common calculation on the Utah real estate exam.
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