Prepare an estimated seller's proceeds statement using the following numbers. Show your work. Remember, commission is calculated off of the sales price and expenses are deducted from the sales price. $375,000 first mortgage lien $125, 000 second mortgage lien $2,000 unpaid taxes $700,000 sales price Buyer to pay Seller $500 for furniture 6% total commission $12,000 additional closing costs

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To calculate the estimated sellers proceeds we need to subtract the outstanding m... View the full answer