MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

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A Massachusetts auctioneer holds an estate sale with 50 lots. Total hammer prices are $125,000, with 8% seller's commission and $3,500 in expenses. What are the seller's net proceeds?

$$108,500 $$111,500 $$114,000 $$121,500

Correct Answer:

$$111,500

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