O. A seller wanted to net $20,000 on the sale of property. The seller had a...

 

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O. A seller wanted to net $20,000 on the sale of property. The seller had a first mortgage on the property of $61,800. The broker charged a 7% commission with the seller also having to pay $2,000 in closing costs. What does the sale price have to be? O. A seller wanted to net $20,000 on the sale of property. The seller had a first mortgage on the property of $61,800. The broker charged a 7% commission with the seller also having to pay $2,000 in closing costs. What does the sale price have to be?

Answer rating: 100% (QA)

To find the sale price that the seller needs to achieve in order to net 20000 after paying the first ... View the full answer