Real Estate Math
A Hawaii condominium owner's HOA fee is $750/month. Annually, this represents what percentage of a $300,000 unit value?
AA. 2.5%
BB. 3.0%✓ Correct
CC. 3.5%
DD. 4.0%
Explanation
Annual HOA = $750 × 12 = $9,000. $9,000 / $300,000 = 0.03 = 3.0%. Using the values given ($750, $300,000), apply the appropriate formula.. The correct answer is B. 3.0%.. This is a common calculation on the Hawaii real estate exam.
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