Property Valuation
What is the gross rent multiplier (GRM) method used for in Kansas?
ACalculating property management fees
BEstimating property value based on rental income as a quick screening tool✓ Correct
CDetermining the maximum legal rent
DCalculating depreciation for tax purposes
Explanation
The GRM method estimates property value by multiplying gross rent by a multiplier derived from comparable sales. It is a quick screening tool but less precise than a full income capitalization analysis.
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