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You have shown vacant apartments to 16 potential renters this week and you have taken 4 applications for these vacancies from those you have toured the property. What is your leasing closing ratio (in percentage)?



Answer :

Answer

To calculate the leasing closing ratio, you can use the following formula:

Leasing Closing Ratio = (Number of Applications / Number of Property Tours) x 100

In your case:

Leasing Closing Ratio = (4 Applications / 16 Property Tours) x 100

= 25%

So, your leasing closing ratio is 25%. This means that 25% of the potential renters who toured the property ended up submitting an application.

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