Real Estate Math
A Wyoming property sells for $520,000. Recording fees are $250, title insurance is $1,800, and the broker commission is 5.5%. What are the total seller closing costs (excluding loan payoff)?
A$27,500
B$28,800
C$30,650✓ Correct
D$31,050
Explanation
Commission = $520,000 × 5.5% = $28,600.
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