Real Estate Math
A NC property manager receives $4,500/month in rents. At a 10% management fee, the monthly management fee is:
A$450✓ Correct
B$400
C$500
D$360
Explanation
Management fee = $4,500 x 0.10 = $450. To solve this, multiply the relevant values: $4,500 at 10%.. The correct answer is $450.. This is a common calculation on the North Carolina real estate exam.
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