Real Estate Math
A Florida property's potential gross income is $144,000. With a 6% vacancy rate, the effective gross income is:
A$135,360✓ Correct
B$138,240
C$144,000
D$152,640
Explanation
Vacancy loss = $144,000 × 6% = $8,640. EGI = $144,000 − $8,640 = $135,360. To solve this, multiply the relevant values: $144,000 at 6%.. The correct answer is $135,360.. This is a common calculation on the Florida real estate exam.
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