Real Estate Math
A South Dakota listing agent earns a 3% co-op commission on a $345,000 sale. The agent's broker receives 40% of this amount and the agent receives 60%. What does the agent earn?
A$4,140
B$6,210✓ Correct
C$10,350
D$5,175
Explanation
Co-op commission: $345,000 × 3% = $10,350. Agent's share: $10,350 × 60% = $6,210. To solve this, multiply the relevant values: $345,000 at 3%.. The correct answer is $6,210.. This is a common calculation on the South Dakota real estate exam.
Related South Dakota Real Estate Math Questions
- A property sells for $285,000. The total commission rate is 6%. The listing agent and selling agent split the commission equally. How much does each agent's brokerage receive?
- A South Dakota salesperson earns 2.5% of the total 5% commission on a $280,000 sale. How much does the salesperson earn?
- A South Dakota property earns $2,200/month gross rent. Operating expenses are $12,000/year. What is the annual NOI?
- A South Dakota property's NOI is $45,000 and the cap rate is 9%. What is the property's estimated value?
- A South Dakota rectangular commercial lot is 200 feet wide by 300 feet deep. What is the lot area in square feet?
- A rectangular South Dakota commercial building is 60 feet wide and 120 feet deep. What is the square footage?
- A South Dakota property is rented for $1,200/month. The property management fee is 9% of collected rents. Annual property taxes are $2,400 and insurance is $1,200. What are the total annual expenses (including management)?
- If a South Dakota property's assessed value is $150,000 and the assessment ratio is 85% of market value, what is the estimated market value?
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 →