Answer:
$36,200
Explanation:
the seller's net = sales price - sales commission - closing costs - loan balance
the seller's met = $330,000 - ($330,000 x 6%) - $14,000 - $260,000 = $330,000 - $19,800 - $14,000 - $260,000 = $36,200
the main reason why the seller's net is relatively low is that the seller only owned a $70,000 stake in the property (= $330,000 - $260,000) and all the costs and commissions are determined by the selling price, not the owners stake. E.g. the sales commission was 55% of the seller's net.
