Principles of Real EstatePregunta 16 de 100
In real estate valuation, the term 'situs' refers to:
a.A type of mortgage
b.The soil composition of a lot
c.The chain of title
d.The preference or economic attractiveness of a location
Explicación
Situs is the economic attractiveness of a location, reflecting people's preference for one area over another. It is one reason location so strongly influences value. Because land is immobile, its situs cannot be moved, only the surrounding conditions can change.
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