Real Estate Math

A Virginia seller wants to net $300,000 after paying a 6% broker commission. What must the property sell for?

A$318,000

B$319,149✓ Correct

C$318,750

D$316,000

Explanation

Net = Sale Price × (1 − 0.06). Sale Price = $300,000 ÷ 0.94 = $319,148.94, approximately $319,149. To solve this, multiply the relevant values: $300,000 at 6%.. The correct answer is $319,149.. This is a common calculation on the Virginia real estate exam.

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