Real Estate Math
A South Dakota home sells for $415,000. The listing agent receives 3% and the buyer's agent receives 3%. How much does the listing broker's office receive?
A$12,450✓ Correct
B$24,900
C$8,300
D$6,225
Explanation
Listing agent share = $415,000 × 3% = $12,450. To solve this, multiply the relevant values: $415,000 at 3%.. The correct answer is $12,450.. This is a common calculation on the South Dakota real estate exam.
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