Real Estate Math
A commercial property leases 4,500 square feet at $18 per square foot annually. What is the annual rent?
A$68,500
B$78,000
C$81,000✓ Correct
D$90,000
Explanation
Annual rent = 4,500 sq ft x $18/sq ft = $81,000. Using the values given ($18), apply the appropriate formula.. The correct answer is $81,000.. This is a common calculation on the North Dakota real estate exam.
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