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Real Estate Investing Exam
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A 200-unit apartment building has 10 units that are physically unoccupied. An additional 5 occupied units are receiving rent concessions averaging $150 per month, and 2 other occupied units are delinquent on rent. Which type of vacancy provides the MOST accurate measure of the property's financial performance?
Gross Potential Vacancy
Physical Vacancy
Economic Vacancy
Market Vacancy
Reveal Answer
Correct Answer:
Economic Vacancy
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