Mathematics, 07.07.2020 05:01, mooreadrian412

A property is listed for $580,000. The listing agreement promises to pay a 7% commission. A buyer makes an offer of $547,000 on May 4th
and gives a $2,000 deposit. The offer is accepted with no change on
May 8th and a closing date is set for June 5th. The day of closing goes
to the buyer. Taxes for the property are $5309 and are paid in arrears.
The buyer will pay for the inspection at closing $280.00 and the seller
will pay for a home warranty in the amount of $360.00. The mortgage
remaining is $480,000. Using the 365 day method, what will the seller
net?
$506,095
$544,386
$26,096
$26,085.00

Answers: 3

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A property is listed for $580,000. The listing agreement promises to pay a 7% commission. A buyer m...