Real Estate Math
A Wisconsin buyer's offer is $355,000 with $10,000 earnest money. The seller accepts. If the buyer defaults, the seller retains the $10,000 per the liquidated damages clause. What percentage of the sale price does the forfeited earnest money represent?
A2.4%
B2.6%
C2.8%✓ Correct
D3.1%
Explanation
$10,000 / $355,000 = 0.02817 ≈ 2.
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