A single family investment property had a GRM of 92.68. The monthly gross rents were $1,800. What is the value of the property based on the GRM?

a. $135,850
b. $148,500
c. $166,824
d. $152,320

Answer: c. $166,824

Business

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What essential element is necessary between broker and principal in a transaction involving real property?

A. The agreement must state the terms under which the broker may collect a commission B. There must be a written contract of employment C. The broker must have the right to accept a deposit D. There must be a safety clause so that the seller cannot avoid a commission by waiting until after the listing period ends before selling the house

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It is most likely a challenge to convince people to value diversity because:

A) it is seen as diminishing the common ground necessary to a viable society. B) diversity programs have created a violent employee backlash. C) affirmative action programs have been eliminated. D) it tends to decrease organizational flexibility.

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