Real Estate Math
A property in South Dakota sells for $340,000. The listing broker charges a 6% commission split equally between the listing and selling sides. The listing agent receives 60% of the listing side. How much does the listing agent earn?
A$6,120✓ Correct
B$10,200
C$12,240
D$20,400
Explanation
Total commission: $340,000 × 6% = $20,400. Listing side: $20,400 ÷ 2 = $10,200. Listing agent's share: $10,200 × 60% = $6,120.
Related South Dakota Real Estate Math Questions
- A South Dakota tenant pays $1,800/month rent. The lease is for 2 years. What is the total contract value of the lease?
- A South Dakota buyer takes a $185,000 mortgage at 5.25% for 30 years. Monthly payment factor: $5.52 per $1,000. If the first month's payment includes $808.13 interest, how much principal is repaid in the first month?
- A South Dakota listing agreement provides for a 5.5% commission on the first $200,000 and 4% on any amount above $200,000. The property sells for $350,000. What is the total commission?
- A South Dakota commercial property has annual gross rents of $120,000 and the GRM is 9. What is the estimated value?
- A South Dakota ranch is described as the N 1/2 of the SW 1/4 of Section 14. How many acres does it contain?
- In South Dakota, a 40-acre parcel (1/16 section) priced at $320,000. What is the price per acre?
- A South Dakota ranch of 800 acres sells at $2,000/acre. What was the total sale price?
- A South Dakota property is purchased for $420,000 with a 25% down payment. What is the loan-to-value ratio?
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →