Real Estate Math
A Virginia seller paid $280,000 for a home three years ago and sells it today for $315,000. The broker's commission is 5.5%. What are the net proceeds before other closing costs?
A$280,000
B$284,225
C$287,675
D$297,675✓ Correct
Explanation
Commission = $315,000 × 5.5% = $17,325.
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