Actual compucram exam - Study guides, Class notes & Summaries

ACTUAL CompuCram Exam 2024 Questions With Completed Answers To Score A+!! If a building sells for $1,200,000, produces a gross income of $12,000 monthly, and annual building expenses are $8,400, what is the gross annual rent multiplier? 8.30 QUESTION RATIONALE Remember, GRM uses gross income, not net income, so ignore the expenses of $8,400. Because the question asks for the annual rent multiplier, multiply the monthly income of $12,000 by 12 ($12,000 x 12 = $144,000). Use the GRM formula; V...