Valuation & AppraisalCâu 65 / 120
A loss in property value caused by a new freeway built next to a residence is best classified as:
a.Functional obsolescence
b.Economic (external) obsolescence
c.Physical deterioration
d.Curable depreciation
Giải thích
Economic or external obsolescence is a loss in value caused by factors outside the property, such as nearby nuisances or negative neighborhood changes. It is generally incurable because the owner cannot control external conditions. A new freeway causing noise is a classic example.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
- The principle of anticipation holds that value is created by the expectation of:
- In the cost approach, an estimate of the cost to build an exact duplicate of the improvements using the same materials is the:
- Ordinary wear and tear, such as worn carpet and a leaking roof, is a form of:
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