Valuation & AppraisalCâu 53 / 120
The legally permissible and most profitable use that produces the greatest value for a parcel is its:
a.Highest and best use
b.Assessed use
c.Deferred use
d.Nonconforming use
Giải thích
Highest and best use is the reasonably probable, legal, physically possible, and financially feasible use that yields the highest value. Appraisers analyze it before applying valuation approaches. A property is valued according to this optimal use, not necessarily its current use.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The cost approach to value is most appropriate for appraising:
- A rental property earns $2,000 per month in gross rent and recently sold for $360,000. Its gross rent multiplier (GRM) is:
- The appraisal principle stating that a buyer will pay no more for a property than the cost of an equally desirable substitute is the principle of:
- An outdated floor plan that reduces a home's value is an example of:
- A comparative market analysis (CMA) prepared by a licensee to help price a listing is:
- The principle that value is maximized when properties in an area are reasonably similar in style and use is the principle of:
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