Valuation & AppraisalCâu 104 / 120
Which factor would most likely cause economic (external) obsolescence?
a.An outdated kitchen layout inside the home
b.Construction of a noisy airport expansion adjacent to the property
c.A cracked driveway on the property
d.Worn interior carpeting
Giải thích
Economic or external obsolescence results from negative influences outside the property, such as a new airport, highway, or industrial use nearby. Because these factors are beyond the owner's control, this depreciation is usually incurable. Internal issues like layout or carpeting are functional or physical in nature.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A comparative market analysis (CMA) prepared by a licensee differs from a formal appraisal because it:
- Accrued depreciation in the cost approach represents:
- Market value, as used in appraisal, generally assumes:
- Which of the following is a form of physical deterioration in an appraisal?
- The 'gross rent multiplier' (GRM) is calculated by:
- An appraiser reconciling the results of the three approaches to value will:
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