Real Estate Math
A South Carolina property generates monthly rent of $1,800. The property sells at a GRM of 150. What is the sale price?
A$180,000
B$270,000✓ Correct
C$297,000
D$324,000
Explanation
Sale price = Monthly Rent × GRM = $1,800 × 150 = $270,000. Using the values given ($1,800), apply the appropriate formula.. The correct answer is $270,000.. This is a common calculation on the South Carolina real estate exam.
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