Real Estate Math
A Virginia transaction has these costs: appraisal $550, title search $400, settlement fee $750, recording fees $150. Total closing costs for these items are:
A$1,700
B$1,850✓ Correct
C$1,650
D$2,000
Explanation
Total = $550 + $400 + $750 + $150 = $1,850. Using the values given ($550,, $400,), apply the appropriate formula.. The correct answer is $1,850.. This is a common calculation on the Virginia real estate exam.
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