Real Estate Math
An Oklahoma commercial building has 12 units. 10 are occupied at $950/month each. The vacancy rate is:
A10%
B16.67%✓ Correct
C83.33%
D8.33%
Explanation
Vacancy Rate = Vacant Units ÷ Total Units. 2 vacant ÷ 12 total = 0.1667 = 16.67%. Using the values given ($950), apply the appropriate formula.. The correct answer is 16.67%.. This is a common calculation on the Oklahoma real estate exam.
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