Valuation & AppraisalCâu 59 / 120
Market value is best defined as the:
a.Price the seller paid originally
b.Assessed value for taxes
c.Most probable price a property should bring in a competitive, open market
d.Replacement cost of improvements
Giải thích
Market value is the most probable price a property should sell for under normal conditions, assuming a willing buyer and seller, adequate market exposure, and no undue pressure. It differs from cost and from assessed value. Appraisals typically seek to estimate market value.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The principle that value is maximized when properties in an area are reasonably similar in style and use is the principle of:
- A modest home located among larger, more expensive homes tends to be worth more because of the principle of:
- A large luxury home surrounded by smaller modest homes is worth less than it would be elsewhere because of the principle of:
- An investment property produces $60,000 in net operating income and the market capitalization rate is 8%. Using the income approach, its indicated value is:
- The value a county assessor places on property to compute property taxes is the:
- Combining two adjacent parcels to create a single, more valuable parcel is called assemblage, and the resulting increase in value is:
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