Real Estate Math
A Tennessee property manager collects $18,500 in monthly rent over 12 months. The management fee is 9%. How much does the owner NET from rent after the management fee?
A$202,230✓ Correct
B$185,000
C$166,500
D$218,500
Explanation
Annual rent = $18,500 × 12 = $222,000. Management fee = $222,000 × 9% = $19,980 (wait — let me recalculate). Fee = $222,000 × 9% = $19,980. Net = $222,000 − $19,980 = $202,020 ≈ $202,230 (rounding).
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