A house is selling for $$ \$ 190,000 $$ A deposit of $$ \$ 10,000 $$ was made when the sales contract was signed. The down payment is $$ 25 \% $$ and the balance will be financed with a 25 -year mortgage at $$ 9 \% $$ and 3 discount points. If the seller's are responsible for the broker's commission ( $$ 6 \% $$ of the purchase price); $$ \$ 1,250 $$ in other closing costs; and the existing mortgage, with a balance of $$ \$ 70,000 $$; what proceeds will they receive on the sale of the property? Select one: a. $$ \$ 118,750 $$ b. $$ \$ 125,380 $$ c. $$ \$ 107,350 $$ d. $$ \$ 94,840 $$

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Given:
- Sales price: $$ \$190{,}000 $$
- Broker's commission: $$ 6\% $$ of the purchase price
- Other closing costs: $$ \$1{,}250 $$
- Existing mortgage balance: $$ \$70{,}000 $$

Step 1. Calculate the broker's commission:
$$
\text{Commission} = 6\% \times 190{,}000 = 0.06 \times 190{,}000 = 11{,}400
$$

Step 2. Compute the total deductions:
$$
\text{Total Deductions} = \text{Commission} + \text{Other Closing Costs} + \text{Existing Mortgage} = 11{,}400 + 1{,}250 + 70{,}000 = 82{,}650
$$

Step 3. Compute the seller's proceeds on the sale:
$$
\text{Seller's Proceeds} = \text{Sales Price} - \text{Total Deductions} = 190{,}000 - 82{,}650 = 107{,}350
$$

Thus, the seller will receive $$\$107,350$$ on the sale of the property.

Answer: c. $$\$107{,}350$$
The seller will receive \$107,350 on the sale of the property.

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