Finance
A West Virginia property has a gross rent multiplier (GRM) of 120 and monthly rent of $1,500. The estimated value is:
A$120,000
B$150,000
C$180,000✓ Correct
D$210,000
Explanation
Value using GRM = Monthly rent × GRM = $1,500 × 120 = $180,000. Using the values given ($1,500), apply the appropriate formula.. The correct answer is $180,000.. This is a common calculation on the West Virginia real estate exam.
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