Principles of Real EstatePregunta 10 de 100
The principle that a property's maximum value is achieved when it is used in the way that produces the greatest return is called:
a.Highest and best use
b.Substitution
c.Regression
d.Contribution
Explicación
Highest and best use is the legally permissible, physically possible, financially feasible, and maximally productive use of a site. Appraisers analyze it because value is tied to the most profitable reasonable use. Substitution, regression, and contribution are other valuation principles.
Practica las 100 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A form of co-ownership that includes the right of survivorship is:
- Which of the following describes an encumbrance on real property?
- A physical feature of a property that reduces its value, such as an outdated floor plan, is an example of:
- Under the principle of substitution, a buyer will pay no more for a property than:
- A metes and bounds legal description relies on:
- The gradual increase of land along a shoreline caused by the deposit of soil is called:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con New York Real Estate Salesperson Licensing Exam · Cómo revisamos