Real Estate Math

A property's annual gross rent is $24,000 and it sells for $240,000. What is the gross rent multiplier (GRM)?

A8

B10✓ Correct

C12

D15

Explanation

GRM = Sale Price ÷ Annual Gross Rent = $240,000 ÷ $24,000 = 10. Using the values given ($24,000, $240,000), apply the appropriate formula..

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