Property Valuation
What is the gross rent multiplier (GRM) for a property that sells for $180,000 and rents for $1,500 per month?
A100
B110
C120✓ Correct
D130
Explanation
GRM = Sale Price / Monthly Rent = $180,000 / $1,500 = 120. Using the values given ($180,000, $1,500), apply the appropriate formula..
Related North Carolina Property Valuation Questions
- An NC appraiser who evaluates a 'going concern value' for a hotel property is valuing:
- Plottage value in real estate refers to:
- Regression in real estate value means:
- Plottage value refers to:
- In the sales comparison approach, a positive adjustment to a comparable sale means:
- The economic life of an improvement is the period during which:
- Functional obsolescence in a property might be caused by:
- External (economic) obsolescence in real estate is characterized as:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →