Real Estate Math
A property has a GRM of 130. The monthly rent is $1,200. What is the estimated market value?
A$150,000
B$156,000✓ Correct
C$165,000
D$172,000
Explanation
Value = GRM × Monthly Rent = 130 × $1,200 = $156,000. Using the values given ($1,200), apply the appropriate formula.. The correct answer is $156,000.. This is a common calculation on the Arkansas real estate exam.
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