Property Valuation
The gross rent multiplier (GRM) for a Nebraska residential rental is 142. The property rents for $1,400/month. The estimated value is:
A$188,000
B$198,800✓ Correct
C$204,800
D$208,600
Explanation
Value = Monthly Rent × GRM = $1,400 × 142 = $198,800. The GRM is a quick income-based valuation tool using gross monthly rent.
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