medium · National Real Estate Exam

A home sells for $210,000. The seller pays a6%commission,2,400 in closing costs, and $1,500 in prorated taxes.

If the seller also pays off a $115,000 mortgage, what are the net proceeds?

  1. $80,000
  2. $91,100
  3. $78,500
  4. $193,500

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