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A home sold for $400000. it was appraised for $402000, and the assessed value was $320000. In this jurisdiction, the real estate transfer tax of

A home sold for $400000. it was appraised for $402000, and the assessed value was $320000. In this jurisdiction, the real estate transfer tax of 1% is paid by the grantor. How much will the seller owe at the closing for transfer fees?

A. 0

B. $3200

C. $4000

D. $4020

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