1) An income producing property rents for $100,000 per year before expenses and just sold for $1,200,000 cash equivalent. What was the gross in income multiplier? a. 0.083 b. 0.12 c. 8.3 d. 12 2) Market rent can be defined as: a. The potential gross rent b. The contract rent c. The average rent d. None of the above 3) If market rent is less than contract rent, then the difference is known as a. Overage rent b. Excess rent c. Percentage rent d. Capital gain