Real Estate Math
A South Dakota salesperson earns 60% of their broker's 3% share on a $260,000 sale. How much does the salesperson earn?
A$3,120
B$4,680✓ Correct
C$7,800
D$2,808
Explanation
Broker's commission = $260,000 × 3% = $7,800. Salesperson's share = $7,800 × 60% = $4,680.
Related South Dakota Real Estate Math Questions
- A South Dakota rental property has 4 units each renting for $900/month. Annual expenses are $18,000. What is the annual NOI?
- A South Dakota property's value is $320,000. If the lender requires a maximum 80% LTV, what is the maximum loan amount?
- A buyer in South Dakota wants to purchase a $300,000 home with a 10% down payment. What is the loan-to-value ratio?
- A property has a net operating income (NOI) of $24,000 per year. If the capitalization rate is 8%, what is the estimated value of the property?
- A lot measures 150 feet wide by 200 feet deep. What is the area of the lot in acres? (1 acre = 43,560 sq ft)
- 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 property is purchased for $275,000. Two years later it sells for $310,000. What is the annual appreciation rate?
- A South Dakota property sells for $460,000. The seller pays a 5.5% commission. How much is the commission?
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 →