Property Valuation
What is a 'gross rent multiplier (GRM)' commonly used for in South Carolina real estate?
ACalculating annual property taxes
BQuickly estimating residential rental property values✓ Correct
CDetermining the cap rate for commercial properties
DComputing mortgage payment amounts
Explanation
GRM is a simplified method for estimating residential rental property values: Value = GRM × Gross Rent. It doesn't account for expenses, making it less precise than the full income approach.
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