The gross rent multiplier (GRM) is calculated by dividing the:
a. asking price of a residence by the adjusted gross rent.
b. listing price of a neighboring property by its operating expenses.
c. cost of the property amenities by the value of the raw land.
d. sales price by the gross monthly income.
Answer: d. sales price by the gross monthly income.
You might also like to view...
The salesperson's primary role at closing is to:
A. Assist the closing attorney and refund the earnest money. B. Conduct the closing and deliver closing statements to all parties. C. Represent their broker and the broke's client. D. Pick up the commission check and deliver it to their broker.
Modern revenue management systems maximize revenue potential for an organization by helping to manage
a. pricing strategies. b. reservation policies. c. short-term supply decisions. d. All of the alternatives are correct.