8:15ohm.lumenlearning.comTo determine the fair market value of a house,the real estate agents compare their client'sreal estate with similar properties in the areathat have recently been sold. The realtor usesthe cost per square footage for those similarproperties to calculate the average (mean)price per square foot. Multiplying the averageprice per square foot by the square footage ofthe listed house yields the fair market value.The Jacksons have contracted with a realtor tosell their home. It is a 2-story home measuring41 feet by 45 feet (on each floor). The realtorhas determined that the average price persquare foot for comparable houses is $106.$LACalculate the square footage of the Jackson'shome.. 5GºCalculate the current fair market value of theirhome.square feetQuestion Help: Message instructorSubmit Question

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Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterP: Preliminary Concepts

SectionP.CT: Test

Problem 1CT

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