Real Estate Math
A Florida condo association has 120 units. A special assessment of $180,000 is needed for roof replacement. What is each unit owner's share (assuming equal shares)?
A$1,500✓ Correct
B$1,800
C$2,000
D$1,200
Explanation
Each unit's share = $180,000 ÷ 120 units = $1,500 per unit. Using the values given ($180,000), apply the appropriate formula.. The correct answer is $1,500.. This is a common calculation on the Florida real estate exam.
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