Asked by Shaina Lusienski on Jun 03, 2024
Verified
The net proceeds to the vendor of a house after payment of a 5.5% real estate commission were $160,555.50. At what price did the house sell?
Real Estate Commission
The fee paid to a real estate agent or broker for their services, usually a percentage of the property's sale price.
- Calculate the net proceeds from a sale after deductions like commissions.
Verified Answer
GW
Learning Objectives
- Calculate the net proceeds from a sale after deductions like commissions.
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