Property Valuation
A property has a gross monthly rent of $2,400 and sold for $288,000. What is the gross rent multiplier (GRM)?
A100
B110
C120✓ Correct
D130
Explanation
$288,000 ÷ $2,400 = 120 GRM. Using the values given ($2,400, $288,000), apply the appropriate formula..
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