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Business, 16.12.2020 17:00 LexyClaire

The seller agrees to pay the listing real estate agent a commission of 5%. The property is listed at $400,000, the buyer offers and seller agrees on price of $380,000 and it closes at that price. The buyer obtains a loan of $300,000. The property is tax assessed at $350,000. The commission most likely paid to the real estate agent is: A. No commission is owed because it did not sell at the list price
B. $17,500
C. $20,000
D. $19,000

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