Question: When solving an income approach problem using a Gross Rent Multiplier technique, a) the appraiser applies net operating income (NOI). b) market rent is

When solving an income approach problem using a Gross Rent Multiplier technique, a) the appraiser applies net operating income (NOI). b) market rent is irrelevant. c) the appraiser applies market rent or contract rent, whichever is greater. d) the appraiser applies unadjusted gross market rent.

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