Real Estate Math
A Washington seller is asked to contribute $12,000 toward buyer's closing costs on a $498,000 sale. The net to the seller (before mortgage payoff) after 5.5% commission and this concession is:
A$444,609
B$445,090
C$457,609✓ Correct
D$458,610
Explanation
Commission = $498,000 × 5.5% = $27,390.
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