A real estate investor in Lake County, Ohio (which charges the full county permissive fee) sells two properties simultaneously: Property A for $275,000 and Property B for $425,000. What is the combined total conveyance fee for both transactions?
Correct Answer
C) $910
Each sale is a separate transaction. Property A: $275,000 / $1,000 × $1.30 = $357.50. Property B: $425,000 / $1,000 × $1.30 = $552.50. Total = $357.50 + $552.50 = $910.
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