Real Estate Math
A North Dakota building has 15 residential units. 12 are occupied. What is the occupancy rate?
A75%
B80%✓ Correct
C85%
D90%
Explanation
Occupancy rate = Occupied units / Total units = 12 / 15 = 0.80 = 80%. Apply the appropriate real estate math formula to arrive at the answer.. The correct answer is 80%.. This is a common calculation on the North Dakota real estate exam.
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