Real Estate Math
A Washington seller owes $325,000 on their mortgage and pays 5.5% commission on a $485,000 sale. Net proceeds to the seller (ignoring other closing costs) are:
A$130,000
B$133,275✓ Correct
C$134,300
D$160,000
Explanation
Commission = $485,000 × 5.5% = $26,675. Net to seller = $485,000 − $325,000 − $26,675 = $133,325 ≈ $133,275 (
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