Why does a seller-net problem divide by the percentage the seller keeps?
Staff Q&A from the 63Hours team.
Course Q&A
Ask clear questions about the Florida real estate course and learn from course-specific answers.
This question has been flagged
1
Reply
0
Views
A percentage selling cost changes as the price changes, so it cannot be treated like a fixed dollar charge. If the seller needs $285,000 after a hypothetical 5% commission and there are no other costs, divide $285,000 by 0.95 to get $300,000. Mortgage payoff and fixed costs must also be included when the problem specifies them.
Enjoying the discussion? Don't just read, join in!
Create an account today to enjoy exclusive features and engage with our awesome community!
Sign up| Related Posts | Replies | Views | Activity | |
|---|---|---|---|---|
|
1
Sep 26
|
0 | ||
|
|
1
Sep 26
|
1 | ||
|
|
1
Sep 26
|
0 | ||
|
|
1
Sep 26
|
0 | ||
|
|
1
Sep 26
|
1 |
Discussion prompt: Which costs in your example are fixed, and which depend on price?