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rewona [7]
3 years ago
8

To determine the effective gross income on a property, the sales associate should:________

Business
1 answer:
artcher [175]3 years ago
4 0

Answer:

Subtract vacancy and credit costs from potential gross income

Explanation:

Effective gross income (EGI) is actually the ratio or relationship that exists between the sale price of a property and effective gross income of that same property.

It is the potential gross income added to other income when vacancy and credit costs are subtracted from it.

EGI is used to determine the value of a rental property and the cash that the property generates.

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