A Popular Market Comparison Method That Is Used When a Property

question 3

Short Answer

A popular market comparison method that is used when a property produces income is the gross rent ____________________, or GRM.

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Definitions:

Functional Currency

The main currency used by a business or in an economy, often the domestic currency or the currency of the primary economic environment in which the entity operates.

Foreign Currency

Refers to currencies other than the domestic currency of a company, used in international trade and investment.

Liabilities

Financial obligations or debts owed by a company to others, which are expected to be paid or settled in the future.

Functional Currency

The currency of the primary economic environment in which an entity operates and carries out its day-to-day transactions.