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QUESTION 29 What is the gross income multiplier? Property 1 Property 2 Property 3 Subject NOI 82,000 75,000 94,000 60,000 EGI
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Answer #1

ANSWER IS OPTION B

GMI CAN BE CALCULATED BY DIVIDING SELLING PRICE BY EFFECTIVE GROSS INCOME .THE CHART SHOWS THAT THE GMI FOR THE PROPERTY 1,2,3 IS APPROXIMATELY 10.2

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