Real Estate Math
A South Dakota property management company charges $1,200/month management fee plus $500 for leasing a unit. A new lease was signed this month. What is the total fee this month?
A$1,200
B$1,700✓ Correct
C$2,400
D$500
Explanation
Total fee = $1,200 (management) + $500 (leasing) = $1,700. Using the values given ($1,200, $500), apply the appropriate formula.. The correct answer is $1,700.. 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 property increases in value from $175,000 to $210,000. What is the percentage increase in value?
- A South Dakota home buyer qualifies for a maximum monthly PITI payment of $2,000. Monthly taxes and insurance total $500. What is the maximum monthly P&I payment the buyer can afford?
- A South Dakota seller nets $187,500 after paying a 6.5% commission. What was the original sale price?
- A buyer purchases a home for $320,000 and makes a 10% down payment. What is the loan amount?
- A South Dakota property has a cap rate of 8.5% and an NOI of $34,000. What is the estimated value?
- In South Dakota, an annual property tax bill of $4,200 is paid in arrears. Closing is September 30. How much does the seller owe in prorated taxes?
- A South Dakota property has a purchase price of $265,000 with a 15% down payment. The mortgage requires 0.5% PMI annually on the original loan balance. What is the monthly PMI payment for the first year?
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 →