Real Estate Math
A property has a monthly gross income of $3,500 and sells for $252,000. What is the Gross Rent Multiplier (GRM)?
A60
B72✓ Correct
C80
D84
Explanation
GRM = Sale Price ÷ Monthly Gross Rent = $252,000 ÷ $3,500 = 72. Using the values given ($3,500, $252,000), apply the appropriate formula.. The correct answer is 72.. This is a common calculation on the Georgia real estate exam.
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