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EXAM REVIEW
NCCCO Examination
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LETRS
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Texas Real Estate National Exam Latest Update
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Question Number 94
A seller wants to net $185,000 on the sale of his property. He must pay a loan balance of $180,530 and closing costs of $10,000. The commission to the listing broker will be 6%. What is the lowest price the property can sell for to accomplish this?
$375,530
$398,062
$395,295
$399,500
✔ Correct Answer:
$399,500
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