Calculate the totals change in a year's GDP
A family sells a home, without using a broker, for $150,000. They could have rented it on the open market for $700 per month. They buy a 10-year old condo for $200,000; the broker's fee on the transaction is 6% of the selling price. The condo owner was formerly renting the unit for $500 per month.© BrainMass Inc. brainmass.com October 9, 2019, 5:43 pm ad1c9bdddf
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