Real Estate Math
A Washington property manager collects 11 of 12 units' rent in a month. Vacancy rate this month is approximately:
A8.3%✓ Correct
B9.1%
C10.0%
D11.0%
Explanation
Vacancy rate = Vacant units ÷ Total units = 1 ÷ 12 = 0.0833 = 8.33% ≈ 8.3%. Apply the appropriate real estate math formula to arrive at the answer.. The correct answer is 8.3%.. This is a common calculation on the Washington real estate exam.
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