Property Valuation
A Maryland property's gross rent multiplier (GRM) is 120, and the monthly rent is $2,500. The indicated value is:
A$200,000
B$300,000✓ Correct
C$350,000
D$450,000
Explanation
Value = GRM × Monthly Rent = 120 × $2,500 = $300,000. Using the values given ($2,500), apply the appropriate formula..
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