Real Estate Math
A Maryland property has monthly gross rents of $3,200. The GRM is 150. What is the indicated value?
A$180,000
B$320,000
C$440,000
D$480,000✓ Correct
Explanation
Value = GRM × Monthly Rent = 150 × $3,200 = $480,000. Using the values given ($3,200), apply the appropriate formula.. The correct answer is $480,000.. This is a common calculation on the Maryland real estate exam.
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