Real Estate Math
A Wyoming seller accepts an offer of $415,000. After a 6% commission and $3,500 in other seller closing costs, what does the seller net?
A$376,400
B$386,500✓ Correct
C$390,000
D$411,500
Explanation
Commission = $415,000 x 6% = $24,900. Net proceeds = $415,000 - $24,900 - $3,500 = $386,600. To solve this, multiply the relevant values: $415,000 and $3,500 at 6%.. The correct answer is $386,500.. This is a common calculation on the Wyoming real estate exam.
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