(RAA) Certified Residential Accredited Appraiser Practice Test
RAA RAA Income Approach & Valuation Methods
In the income approach, what does Gross Rent Multiplier (GRM) represent?
Select your answer
A
The ratio of property value to annual gross rent
B
The ratio of net operating income to property value
C
The ratio of effective gross income to vacancy rate
D
The ratio of operating expenses to gross income
Hint
