Valuation & AppraisalPregunta 100 de 120
Market value, as used in appraisal, generally assumes:
a.A forced sale under time pressure
b.A willing buyer and willing seller, each acting knowledgeably and without undue pressure
c.That the buyer is unaware of the property's condition
d.The highest price any single buyer might ever pay
Explicación
Market value assumes a transaction between a willing, informed buyer and seller, neither under duress, with reasonable market exposure. It differs from a distressed or forced sale price. This standard underlies most lending appraisals.
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- Under the principle of regression, a high-value home located among lower-value homes will tend to:
- A comparative market analysis (CMA) prepared by a licensee differs from a formal appraisal because it:
- Accrued depreciation in the cost approach represents:
- Which of the following is a form of physical deterioration in an appraisal?
- The 'gross rent multiplier' (GRM) is calculated by:
- An appraiser reconciling the results of the three approaches to value will:
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