Real Estate Math
An Alaska property rents for $2,500 per month. The property sold for $375,000. What is the Gross Rent Multiplier (GRM)?
A100
B120
C150✓ Correct
D175
Explanation
GRM = Sale price ÷ Monthly gross rent. $375,000 ÷ $2,500 = 150. Using the values given ($2,500, $375,000), apply the appropriate formula.. The correct answer is 150.. This is a common calculation on the Alaska real estate exam.
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