Real Estate Math
A Vermont commercial space is 3,500 square feet. The annual rent is $24/SF. What is the annual base rent?
A$72,000
B$78,000
C$84,000✓ Correct
D$96,000
Explanation
Annual base rent = 3,500 SF x $24/SF = $84,000. Using the values given ($24), apply the appropriate formula.. The correct answer is $84,000.. This is a common calculation on the Vermont real estate exam.
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