Question

QUESTION 2 of 10: Your house is for sale for $210,000. A realtor will charge you a 3% sales commission. If you choose a "sale by owner"

option by passing a realtor, you will pay no commission, but you will have to pay an attorney an average of $950 at your closing. What will you
save by choosing the sale by owner" option?
a) $1,865
b) $2,150
C) $5,350
d) $9.500

Answer 1

c) $5,350

Explanation:

• sale price= $210000

• sales commission= 3% = 3*$210000/100= $6300

The difference between the commission and an attorney

• $6300- $950= $5350

Option C is correct