Property Valuation
A Missouri residential property's gross rent multiplier (GRM) is 120, and it rents for $1,500/month. Its estimated market value is:
A$120,000
B$150,000
C$180,000✓ Correct
D$200,000
Explanation
GRM x Monthly Rent = Estimated Value. 120 x $1,500 = $180,000.
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