Real Estate Math
A Massachusetts property has a monthly rent of $2,600 and sells for $390,000. What is the annual GRM?
A12.5✓ Correct
B150
C10
D15
Explanation
Annual gross rent = $2,600 × 12 = $31,200. Annual GRM = $390,000 ÷ $31,200 = 12.5. Using the values given ($2,600, $390,000), apply the appropriate formula.. The correct answer is 12.5.. This is a common calculation on the Massachusetts real estate exam.
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