Real Estate Math
A Washington property's gross rent multiplier (GRM) is 140 based on monthly rents. The property generates $3,800/month in rent. What is the indicated value?
A$506,400
B$532,000
C$532,800✓ Correct
D$560,000
Explanation
Value = Monthly Rent × GRM = $3,800 × 140 = $532,000. Using the values given ($3,800), apply the appropriate formula.. The correct answer is $532,800.. This is a common calculation on the Washington real estate exam.
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