Definition: a rule of thumb for estimating the market value of commercial and industrial properties, the ratio to convert annual income into market value.
Pronunciation: \ˈgrōs\\ˈmär-kət\\ˈməl-tə-ˌplī(-ə)r\
Used in a Sentence: The appraiser applied a gross market multiplier when estimating the value of the warehouse.
How do you earn bigger commissions in real estate? In this week's episode of State of Real Estate, you'll learn the secrets to earning bigger real estate commissions. Join us...
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