Practice Quiz

Florida Real Estate Exam

Category - Florida

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The gross rent multiplier analysis may not be highly reliable:
  1. If the operating expenses and the costs of ownership of competitive properties are essentially similar to one another
  2. If a sufficient volume of verified comparable rental data is available
  3. If prices in a neighborhood in transition tent to be more responsive to change than rentals
  4. In residential neighborhoods adjacent to military installations
Explanation
Answer C - When prices of properties rise faster than rents, the gross rent multiplier ceases to be reliable (or needs to be adjusted).

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