Real Estate Math
A monthly rent of $1,800 is prorated at closing on the 10th of a 31-day month. The seller receives credit for how many days?
A9 days✓ Correct
B10 days
C21 days
D22 days
Explanation
The seller owned the property for days 1–9 (9 days before closing on the 10th). The buyer gets the remaining 22 days. The seller's proration = ($1,800 ÷ 31) × 9 = $52.26 per day × 9 ≈ $522 credit to seller.
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