Real Estate Math
A Delaware property manager retains a 9% management fee from collected rent of $4,500/month. How much does the owner receive per month?
A$4,050
B$4,095✓ Correct
C$4,005
D$4,100
Explanation
Management fee = $4,500 × 0.09 = $405. Owner receives = $4,500 − $405 = $4,095. To solve this, multiply the relevant values: $4,500 at 9%.. The correct answer is $4,095.. This is a common calculation on the Delaware real estate exam.
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