Question

"VB PERSONAL FINANCE VIRTUAL BUSINESS HIGH SCHOOL powered by Knowledge Mathers Buying a Home Math Quiz QUESTION 8 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 bypassing 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? O a) $1,865 O b) $2,150 Oc) $5,350 O d) $9,500 Submit ©2021 Knowledge Matters, Inc.​

Answer 1

Answer:

c) $5,350

Explanation:

Calculation to determine What will you save by choosing the "sale by owner"

Using this formula

Amount saved=(Property sales value*Sales Commission)-Average

Let plug in the formula

Amount saved=($210,000*3)-$960

Amount saved=$6,300-$950

Amount saved=$5,350

Therefore What will you save by choosing the "sale by owner" is $5,350