Real Estate Math
A West Virginia property sold for $195,000. The seller paid 3% in selling agent commission and 3% in buyer's agent commission. The seller also paid $2,500 in closing costs. What was the seller's total cost of sale?
A$9,750
B$11,700
C$14,200✓ Correct
D$12,070
Explanation
Total commission = $195,000 × 6% = $11,700. Total cost = $11,700 + $2,500 = $14,200.
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