Real Estate Math
A Vermont listing has a price of $599,000. The seller wants to net $560,000 after a 6% commission. Is the list price sufficient?
ANo, the seller needs at least $595,745 list price
BYes, the $599,000 list price yields more than $560,000 net✓ Correct
CNo, the list price must be $619,900
DYes, but only if the buyer pays all closing costs
Explanation
Net needed = $560,000. Required list price = $560,000 / 0.
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